Nasdaq Closes Slightly Higher, but Dow Finishes Lower

(Updated from 3:40 p.m. EDT)

TheNasdaq ended Friday in positive territory, while the Dow Jones Industrial Average closed down but still off its earlier lows.

The Dow lost 38.9 points, or 0.37%, to 10,416.7. The Nasdaq finished up 6.86 points, or 0.34%, to 2029.8, and the S&P 500 was higher by 3 points, or 0.25%, to 1205.9.

JDS Uniphase (JDSU Quote) closed lower after posting a steep fourth-quarter loss and setting plans to cut its workforce by nearly two-thirds. JDS lost 91 cents, or 10%, to $8.55.

Data storage firm EMC (EMC Quote) was the most active stock on the New York Stock Exchange and climbed 74 cents, or 3.84%, to $20.01.

In overseas activity, the FTSE-100 had a strong day, advancing 117 points, or 2.21%, to 5403.1. Japan's Nikkei 225 fell 60 points, or 0.51%, to 11,798.1. In Hong Kong, the Hang Seng climbed 142 points, or 1.18%, to 12,182 on the strength of technology stocks.

Back in the U.S., Internet, biotech and networking stocks had strong sessions. The 10-year benchmark Treasury note was recently up 7/32 to 99 7/32, yielding 5.104%. As for currencies, the dollar slid against both the euro and the yen today in the wake of this morning's weaker-than-expected GDP numbers.