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Dow, S&P at five-year highs

Gregory Rowe, a trader with Livermore Trading Group

Photo credit: Bloomberg News | Gregory Rowe, a trader with Livermore Trading Group Inc., works at the New York Stock Exchange in Manhattan on Monday. (Jan. 14, 2013)

The Dow Jones industrials and Standard & Poor's 500 closed at five-year highs Friday as the market registered a third straight week of gains on a solid start to the quarterly earnings season.

Morgan Stanley was the latest Wall Street bank to report strong results. Its better-than-expected earnings followed similar report cards from Goldman Sachs Group Inc. and JPMorgan Chase & Co. earlier...

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