Stocks cut losses, with the Nasdaq turning positive on Friday, recovering from a dip following Federal Reserve Chairman Ben Bernanke's speech.

The Dow Jones industrial average <.DJI> was down 100.39 points, or 0.90 percent, at 11,049.43 after falling more than 1 percent. The Standard & Poor's 500 Index <.SPX> was down 7.08 points, or 0.61 percent, at 1,152.19. The Nasdaq Composite Index <.IXIC> was up 6.40 points, or 0.26 percent, at 2,426.03.

(Reporting by Angela Moon, Editing by Kenneth Barry)