U.S. equity markets ended mixed in a choppy trading day as the Dow Jones Industrial Average briefly turned positive for the year before slipping back back below the breakeven line.

The index finished with a gain of 160 points, or 0.57%, ending about 46 points below its 2019 closing level.

Investors digested a drop in first-time unemployment claims and the Federal Reserve's policy shift intended to compensate for long periods of low-interest rates.

The S&P 500 gained 0.17% and the Nasdaq Composite posted a loss of 0.34%.

Jobless claims of 1.006 million for the week through Aug. 22 were 98,000 lower than the week before and in line with analysts' projections. Still, they took the total since coronavirus lockdowns began to 58.4 million, nearly 37% of the entire U.S. workforce.

That may worsen if Delta and American airlines follow through on plans to lay off 21,000 more workers barring federal aid, though the White House is working to prevent that. American Airlines plans to furlough 19,000 workers and late Thursday United Airlines said it may furlough close to 3,000 pilots by October, according to reports. Read more at FOX Business