U.S. stocks erased initial losses and turned positive on Friday, as industrial stocks advanced, led by General Electric Co .

The Dow Jones industrial average <.DJI> was up 4.54 points, or 0.05 percent, at 10,010.50. The Standard & Poor's 500 Index <.SPX> was up 1.47 points, or 0.14 percent, at 1,068.10. The Nasdaq Composite Index <.IXIC> was up 4.85 points, or 0.23 percent, at 2,110.17.

Shares of GE added 5.2 percent at $15.18 after an analyst upgrade.

(Reporting by Angela Moon; editing by Jeffrey Benkoe)