US STOCKS-S&P 500 down on oil rout, but on track for six-week rally

viernes 28 de noviembre de 2014 11:08 GYT

* Oil falls 6 percent, Exxon Mobile tumbles

* Airline shares rally on drop in crude prices

* Indexes could notch sixth straight weekly advance

* Dow up 0.2 pct, S&P 500 down 0.2 pct, Nasdaq up 0.1 pct (Updates to open)

By Ryan Vlastelica

NEW YORK, Nov 28 (Reuters) - U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low.

While major indexes saw slight moves - with both the Dow and Nasdaq edging higher and the S&P 500 slightly down - there was volatility in areas of the market connected to the price of oil . Crude plunged 5.9 percent to $69.38 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied.

The decline was the biggest one-day drop since September 2011, with prices lowest since 2010.

"Crude seems to have no floor right now, and we could easily see the price drop into the low $60s," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware.   Continuación...