US STOCKS-Markets flat as JPMorgan results offset Intel

* JPMorgan rallies as Q4 profit tops view

* Intel falls despite strong quarter, outlook

* December retail sales rise less than expected

* Indexes: Dow flat, S&P up 0.1 pct, Nasdaq flat

* For up-to-the-minute market news see [STXNEWS/US]
(Updates with sentiment data)

By Ryan Vlastelica

NEW YORK, Jan 14 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) were little
changed on Friday following a mixed reaction to earnings from
JPMorgan and Intel and a modest rise in retail sales, but the
S&P remained on track to notch a seventh straight week of
gains.

JPMorgan Chase & Co (JPM.N: ) reported quarterly profit that
beat expectations, but was still wrestling with the aftermath
of the mortgage crisis, setting aside another $1.5 billion to
cover legal settlements to foreclosures. For details, see
[ID:nN14293086]

Intel Corp (INTC.O: ) also posted a better-than-expected
quarterly profit late Thursday and gave a rosy revenue outlook.
[ID:nN13239448]

JPMorgan rose 1.4 percent to $45.05, while Intel fell 1
percent to $21.07. Both companies are Dow components.

The expectations for strong corporate earnings have lifted
equities in recent weeks, with the S&P 500 hovering near a
28-month high and on track for a seventh week of gains, which
would be the first time since April and May of 2007.

“Since the expectation for strong earnings has been priced
so completely into stocks, it isn’t surprising that investors
are acting a little more cautious right now,” said Eric Teal,
chief investment officer at First Citizens Bancshares in
Raleigh, North Carolina, which manages $4.5 billion.

“Modest gains from this point are possible. But given the
gains we’ve had, we don’t have much room to drive stock
significantly higher.”

Sales at U.S. retailers rose slightly less than expected in
December, but for all of 2010 they posted the biggest gain in
more than a decade. Separately, higher gas prices pushed
overall December consumer prices up at their fastest pace in a
year and a half. [ID:nN14146780]

The Dow Jones industrial average (.DJI: ) was down 3.78
points, or 0.03 percent, at 11,728.12. The Standard & Poor’s
500 Index (.SPX: ) was up 0.90 points, or 0.07 percent, at
1,284.66. The Nasdaq Composite Index (.IXIC: ) added 0.70 points,
or 0.03 percent, at 2,735.99.

Also, rising gasoline prices drove down consumer sentiment
more than expected in early January, overshadowing an improved
jobs outlook and the passage of temporary federal tax breaks,
the latest Thomson Reuters and the University of Michigan
survey found. [ID:nN14150837]

China’s central bank raised banks’ required reserves for
the fourth time in just over two months, stepping up the fight
against inflation. The move weighed on commodities, sending
crude oil futures down 0.5 percent to below $91 a barrel.
[ID:nTOE706030]

French drugmaker Sanofi-Aventis SA (SASY.PA: ) hopes to reach
a deal that to buy Genzyme Corp (GENZ.O: ) for about $76 per
share, or some $20 billion, a French newspaper reported.
Genzyme slid 0.4 percent to $72.10. [ID:nLDE70D0E6]
(Editing by Jeffrey Benkoe)