Dow Ends Up But Nasdaq in the Red

The Dow turned higher in the last hour of trading Thursday (Friday morning local time) to close in the black, but the slump in technology stocks across the board push the Nasdaq down.

Despite the increase in the percent-plus in the major European bourses, traders New York last because the U.S. data "lukewarm" and the condition of the euro zone remains unclear.

The Dow Jones Industrial Average rose 33.60 points, or 0.27 percent to end at 12529.75.

Stock index S & P 500 rose 1.82 points, or 0.14 percent, to 1320.68, while the Nasdaq composite index fell 10.74 points, or 0.38 percent, to 2839.38.

This is the third consecutive day the Dow and S & P closed almost flat.

"Data, which displays a series of weekly initial jobless claims and durable goods orders figures below expectations, has been disregarded by many market participants," said Briefing.com.

Facebook ignores the threat of lawsuits over the failure of the IPO on Friday to move up 3.2 percent, to end at 33.03 dollars, still far below the initial price of 38 dollars.

Oracle shares sank 2.1 percent after a California jury decided the company had failed to prove its claim that Google violated the Java software patents in the Android operating software.

The decree allows Google to avoid potential damage to more than one billion dollars, but Oracle is expected to appeal the case.

Google shares fell nearly one percent.

Hewlett-Packard shares jumped 3.3 percent after it announced a major restructuring effort that involves a reduction of 27 000 jobs, or eight percent of employees worldwide.

Jeweler Tiffany fell 6.8 percent after the company reported disappointing profits and sales flat in the first quarter and paint a bleak picture of this year's sales growth worldwide.

U.S. bond prices fell.

The yield on the 10-year Treasury rose to 1.76 percent from 1.72 percent on Wednesday, while the 30-year bond rose to 2.85 percent from 2.79 percent.