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

NEW YORK, N.Y. – 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 per cent to $67.14.