Opening Bell: Stocks Rise on Strong GE Earnings; Apple to Open First Store in Taiwan

U.S. stocks moved higher Friday amid better-than-expected earnings from General Electric (GE) - Get Report . CEO Jeffrey Immelt characterized the global economy as 'volatile and slow growth' in a statement Friday, but that didn't faze the industrials giant. Profit of $0.51 a share topped estimates of $0.46. Revenue rose 15 percent year-over-year to $33.5 billion, ahead of the $31.9 billion Wall Street was looking for. American Airlines (AAL) - Get Report reported profit if $950 million for the second quarter, a 44 percent drop from the same period a year ago. Earnings of $1.68 a share matched estimates. Revenue dipped 4.4 percent to $10.4 billion, in line with estimates. Apple (AAPL) - Get Report is set to open its first store in Taiwan - according to a job posting on the tech giant's website, according to a report from Reuters. It's unclear when the store opens. TheStreet's Scott Gamm reports from Wall Street.