Tech, telecoms lead Wall Street higher, GE weighs on Dow

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. "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.