Stocks pared gains and the Nasdaq briefly turned negative on Friday after a survey showed consumer sentiment dropped to its lowest point in more than three decades in early August.

The Dow Jones industrial average gained 86.92 points, or 0.78 percent, to 11,230.23. The Standard & Poor's 500 Index rose 6.52 points, or 0.56 percent, to 1,179.16. The Nasdaq Composite Index was up 4.20 points, or 0.17 percent, to 2,496.88.

(Reporting by Chuck Mikolajczak)