US STOCKS-Tech, telecoms lead Wall St higher, GE weighs on Dow
* GE, Honeywell fall on disappointing results
* AT&T, Verizon lead telecoms higher
* Microsoft gives biggest boost to S&P
* Indexes up: Dow 0.13 pct, S&P 0.3 pct, Nasdaq 0.47 pct (Updates to early afternoon)
By Yashaswini Swamynathan
July 22 (Reuters) - The S&P 500 and the Nasdaq were higher Friday, led by technology and telecom stocks, while the Dow's gains were limited by industrials after GE's disappointing results.
GE, long considered a bellwether for the U.S. economy, dropped 2.2 percent after its reported weak demand for new oil, gas and transportation equipment.
Honeywell fell 3.3 percent after lowering its full-year sales forecast on weak demand from airplane makers.
GE was the biggest loser on the Dow and the top drag on the S&P 500. The industrials sector was down 0.4 percent, the only decliner among the 10 major S&P 500 sectors. Continuación...