ECONOMY

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

Associated Press
Published | Updated

Traders Michael Smyth, left, and John Panin work 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 Associated Press)

Trader work at the post of specialist Michael Urizzo, right, 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 Associated Press)

Specialist Michael Gagliano, left, who handles energy stocks, works with traders 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 Associated Press)

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.

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.