U.S. stocks close mixed on rising oil prices

Asian financial markets were mostly higher after a plunge in oil prices dragged down energy stocks on Wall Street

Asian financial markets were mostly higher after a plunge in oil prices dragged down energy stocks on Wall Street

Although the Dow Jones Industrial Average closed flat, US stocks finished mostly higher on Friday with energy companies rebounding from earlier this week.

The Dow Jones fell 6.22 points to 21,403.81 while the wider S&P 500 index dipped 1.67 points to 2,433.94.

The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.

On Wednesday, energy shares were hit as oil prices fell to levels not seen since last autumn.

The S&P 500 is up 5.15 points, or 0.2 percent. Oil prices declined over 4 percent in the past two days amid concerns of rising production.

Meanwhile, the USA stocks were also influenced by rising health care sector. The sector climbed over 1 percent as investors were awaiting the unveiling of the Senate's health care bill next week, with aims at repealing and replacing Obamacare.

The Department of Labor reported that initial jobless claims for the week ending on 16 June edged higher by 3,000 to 241,000, just ahead of a consensus forecast for 240,000).

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