The Nasdaq rose 1 percent in late trading on Friday, lifted by gains in large-cap technology companies and chip makers. Both the Dow and the S&P 500 turned positive, reversing earlier modest losses.

* The Dow Jones industrial average <.DJI> added 36.12 points, or 0.36 percent, to 10,208.65. The Standard & Poor's 500 Index <.SPX> rose 4.60 points, or 0.42 percent, to 1,091.44.

*The Nasdaq Composite Index <.IXIC> gained 23.34 points, or 1.05 percent, to 2,242.05.

(Reporting by Leah Schnurr; Editing by Jan Paschal)