U.S. equity markets were mixed Thursday as tougher COVID-19 restrictions spread across the country.

The announcement that New York City would shut schools in favor of virtual learning came a day after Illinois tightened its restrictions and New Orleans canceled Mardi Gras parades.

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The Dow Jones Industrial Average fell 143 points, or 0.49% while the S&P 500 was lower by 0.3%. The Nasdaq Composite, meanwhile, gained 0.31%. The mixed session comes after the major averages on Wednesday surrendered early gains before ending lower by as much as 1.16%.

Exxon Mobil Corp. and Chevron Corp. were mixed as West Texas Intermediate crude oil lost 35 cents to $41.47 per barrel amid concerns the renewed COVID-19 restrictions will hurt demand. The energy component had fallen to as low as $41.08 in early trading. Read more at FOX Business