the republic logo

US stocks end mostly lower, weighed down by tumbling oil prices

bug
Share/Save/Bookmark

NEW YORK — U.S. stocks are ending mostly lower as falling crude prices weigh on the market in a holiday-shortened session.

The Standard & Poor's 500 index eased five points to close at 2,067 Friday.

PHOTO: Trader Michael Zicchinolfi works on the floor of the New York Stock Exchange, Friday, Nov. 28, 2014. U.S. stocks indexes were mixed in early trading, as tumbling oil prices weighed on shares of Exxon Mobil, Chevron and other oil and gas giants. Airlines, however, made gains. (AP Photo/Richard Drew)
Trader Michael Zicchinolfi works on the floor of the New York Stock Exchange, Friday, Nov. 28, 2014. U.S. stocks indexes were mixed in early trading, as tumbling oil prices weighed on shares of Exxon Mobil, Chevron and other oil and gas giants. Airlines, however, made gains. (AP Photo/Richard Drew)

The Dow Jones industrial average rose less than a point to close at 17,828. The Nasdaq edged up four points to 4,791.

Market players were focused on Thursday's decision by the OPEC oil cartel to keep crude production at 30 million barrels a day despite global oversupply. The move hit oil prices as traders anticipated supply levels at their current rates at least for a few months yet.

Benchmark U.S. oil slid 9 percent to $67.14.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.