U.S. stocks were mixed Thursday morning after initial jobless claims fell below 1 million for the first week since coronavirus lockdowns began in mid-March.

U.S. equity markets were mixed Thursday morning after initial jobless claims fell below 1 million for the first week since coronavirus lockdowns began in mid-March. The S&P 500, on the verge of an all-time high after finishing Wednesday’s session less than six points below its record of 3,386.15, fell 0.23 percent. The index’s intraday high is 3,393.52. The Dow Jones Industrial Average, meanwhile, dropped 92 points, or 0.33 percent, while the Nasdaq Composite rose 0.37%.

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