Energy stocks fell with oil prices amid a stalemate about an agreement to cut production by the world's biggest producers.
Meanwhile, Wall Street advanced, pushing the Nasdaq to a record high, amid optimism about the US economy. A Commerce Department report showed gross domestic product expanded at a better-than-expected 3.2 per cent annual pace in the third quarter, up from a previously estimated 2.9 per cent, and accelerating from a 1.4 per cent rate in the second quarter.
"Growth is going to remain heavily reliant on the consumer, but consumers are in very good position to lead that charge," Russell Price, senior economist at Ameriprise Financial in Detroit, told Bloomberg.
"Overall, it's an encouraging sign for the path ahead."
In 12.55pm trading in New York, the Dow Jones Industrial Average rose 0.17 per cent, while the Nasdaq Composite Index gained 0.54 per cent. In 12.40pm trading, the Standard & Poor's 500 Index added 0.24 per cent. The Nasdaq touched a record high 5,403.86.