U.S. equity markets ended despite positive employment data which showed initial jobless claims fell below 1 million for the first week since coronavirus lockdowns began in mid-March.

The S&P 500, ever so close to an all-time high fell short, slipping 0.20% to 3,373.43. The benchmark is just over 12 points away from the record high close of 3,386.15 reached in February.

The Dow Jones Industrial Average, meanwhile, dropped 82 points, or 0.29%, while the Nasdaq Composite rose  0.27%.

Initial jobless claims for the week ended Aug. 8 totaled 963,000, according to the Labor Department. The reading marked the first time in 21 weeks that filings were below 1 million and was beneath the 1.12 million filings that Wall Street analysts surveyed by Refinitiv were expecting.

Continuing claims, meanwhile, fell by 604,000 to 15.48 million, also better-than-anticipated.

Looking at stocks, Dow component 3M said July sales rose 6% from a year ago as business picked up across all of its units. While Cisco Systems reported better-than-expected top- and bottom-line results and laid out a restructuring plan after the COVID-19 pandemic resulted in lower customer spending. Both Cisco’s earnings and revenue forecasts disappointed. Read more at FOX Business