US STOCKS-Wall St edges higher, led by telecoms; GE weighs
* Major indexes set for fourth straight positive week
* GE, Honeywell fall after quarterly reports
* AT&T, Verizon lead telecoms higher
* Indexes up: Dow 0.15 pct, S&P 0.34 pct, Nasdaq 0.49 pct (Updates to late afternoon)
By Lewis Krauskopf
July 22 (Reuters) - Wall Street edged up on Friday back toward record levels, as AT&T and Verizon led telecom stocks higher, but gains were limited by weakness in industrials after General Electric's tepid quarterly report.
The major U.S. indexes were poised to notch their fourth straight positive weeks.
The S&P and Dow have broken to all-time records in the past two weeks for the first time in more than a year amid a second-quarter corporate earnings season that has been better than feared.
Also on Friday, a U.S. manufacturing report came in above expectations, building on strong data from earlier in the month. Continuación...