Business

Stocks waver in Friday trading; GE up, Intel falls

The Dow average closed higher, led by General Electric after the company reported a strong quarter thanks to growth in emerging markets. Better results at Morgan Stanley also lifted stocks on a quiet day. The Nasdaq, however, slipped, dragged down by a loss at Intel Corp. Capital One Financial lost almost 8 percent after revenue and earnings came up short of estimates. Norwegian Cruise Line soared 32 percent in its first day of trading, the top performance of the three companies making their public debut. Five companies raised $1.8 billion through IPOs this week, making it the best week for them since early October, according one data provider.

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