U.S. stocks pared losses on Friday as the U.S. dollar <.DXY> gave up earlier gains and global commodity prices regained ground, tempering concerns about a possible debt default at a Dubai state-owned conglomerate.

The Dow Jones industrial average <.DJI> dropped 113.59 points, or 1.09 percent, to 10,350.81. The Standard & Poor's 500 Index <.SPX> dropped 13.71 points, or 1.23 percent, to 1,096.92. The Nasdaq Composite Index <.IXIC> dropped 24.34 points, or 1.12 percent, to 2,151.71.

Earlier, major U.S. indexes dropped more than 2 percent.

U.S. front-month crude was down 3.2 percent, easing from a slide of more than 5 percent. The U.S. stock markets are on a shortened session following the U.S. Thanksgiving Day holiday. They will close at 1 p.m. EST. (1800 GMT)

(Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)

Dubai