S&P 500 ends lower as oil slump hits market
By Associated Press
Nov 28, 2014 12:28 PM CST
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...   (Associated Press)

NEW YORK (AP) — 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.

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