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NEW YORK, Jan 18 (Reuters) - U.S. stocks fell modestly on Friday, a day after the S&P 500 rose to its highest level in five years, as a weak outlook from Intel was weighed against encouraging data out of China and a fourth-quarter profit at Morgan Stanley.
The Dow Jones industrial average was down 6.68 points, or 0.05 percent, at 13,589.34. The Standard & Poor's 500 Index was down 2.60 points, or 0.18 percent, at 1,478.34. The Nasdaq Composite Index was down 10.63 points, or 0.34 percent, at 3,125.37.