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Nasdaq edges towards 5,000 while energy stocks drop

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(Close): Most US markets fell in early trade, with energy shares continuing to fall as oil prices remained under pressure.

The tech-rich Nasdaq rose 18.34, or 0.37%, to 4,924.70, a 15-year high.

Brent crude futures rose to $60 after earlier drops, while US crude dropped below $50 at one point before recovering to $51.94 a barrel.

Chevron fell 1.9% while Exxon Mobil dropped 1.7%, helping to pull the Dow Jones down 44 points to 17,985.77.

The Nasdaq rallied as online travel site Priceline gained 8.5% after reporting a 20% rise in quarterly earnings and announcing plans to buy back up to $3bn of shares.

The S&P 500 index dropped 2.23 points to 2,097.45.

Walmart shares fell 3.2% after the world's largest retailer cut its sales forecast for the coming year. It is now predicting sales growth of 1-2%, compared with an earlier forecast of 2-4%.

Walmart also announced it would spend $1bn on pay and training for its workers, which means that its hourly paid full-time and part-time workers will earn at least $9 an hour.