US STOCKS-Wall St inches up, led by telecoms; GE holds back Dow
* GE falls on disappointing results
* Honeywell drops after cutting sales forecast
* AT&T, Verizon lead telecoms higher
* Indexes up: Dow 0.04 pct, S&P 0.21 pct, Nasdaq 0.31 pct (Adds details, comments, updates)
By Yashaswini Swamynathan
July 22 (Reuters) - The S&P 500 and the Nasdaq inched higher on Friday, led by telecom stocks, while the Dow was held back by industrials after GE's disappointing results.
GE, long considered a bellwether for the U.S. economy, dropped 2.1 percent after its earnings report, while Honeywell fell 3.8 percent after lowering its full-year sales forecast.
GE was the biggest loser on the Dow and the top drag on the S&P 500. It led the industrials sector down 0.8 percent. Boeing and Caterpillar fell 1 percent.
"The markets are biding time to see what the next set of earnings bring," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey. Continuación...