U.S. equity markets ended the session mixed as investors weighed the state of the U.S. job market as losses topped 42 million due to the coronavirus fallout.

The Dow Jones Industrial Average, in a late-session comeback, posted fractional gains while the S&P 500 shed 0.34 percent.

The Nasdaq Composite, which touched an intra-day record, slipped 0.69 percent.

Initial jobless claims for the week ended May 30 totaled 1.88 million, according to data released by the Labor Department on Thursday morning. Continuing claims were 21.5 million, up from last week’s reading of 20.8 million.

Following the report, AutoNation confirmed to FOX Business it would be eliminating 3,500 employees, 50 percent of the initial 7,000 furloughed due to the coronavirus.

Friday's jobs report for May is expected to show about 8 million job eliminations. While steep, the cuts are less than the 20,537 million seen in April. The unemployment rate is expected to hit 19.8 percent.

Meanwhile, demonstrations following the death of George Floyd were mostly peaceful for a second straight night aside from some violence in New York City.

Looking at stocks, casino operators are in focus as gaming reopens on the Las Vegas Strip after more than two months of shutdowns due to COVID-19. Read more at FOX Business