US markets end mixed

CNBC's Sharon Epperson - Stocks ended the Q2 of 2008 mixed today. The Dow Jones Industrial Average gained 3.5 points, the Nasdaq lost 22 while the S&P 500 was up 1.

Crude oil prices hit a new record above USD 143/bbl earlier this morning but finished the final trading day of the quarter at USD 140/bbl, gaining more than 38% in this quarter versus a 3% slide in the S&P 500.

Surging oil and gas prices all really hurting the nations auto industry. General Motors shares fell to 33-year low today, Ford stock hit a 52-week low.

Although oil prices boosted energy shares offsetting weakness in financial stocks today more losses should be expected in the financial sector since the Chief Executive of the Bank of New York Mellon Corporation.

American International Group and Citigroup were amongst the biggest drags on the market today while Wal-mart shares rose after UBS increased its price target on the stock.   

Wall Street Action

Stocks end mixed
Dow up 3.5 points, Nasdaq down 22 pts
Crude hits intra-day high of $143/bbl, trading around $140/bbl
Crude gains 38% this quarter
High crude prices hurting auto industry
GM shares fall to 33-year low, Ford at 52-week low
Chrysler sets aside minivan plans due to poor sales
Oil prices boosted energy shares, offsetting weakness in financials
Citigroup amongst major losers
Wal-Mart shares up as UBS raises price target