U.S. equity markets were modestly higher Thursday morning as Treasury Secretary Janet Yellen was set to meet with regulators on the Reddit trading frenzy and as earnings season rolled on.


The Dow Jones Industrial Average was trading up 65 points, or 0.21%, while the S&P 500 and the Nasdaq Composite gained 0.32% and 0.64%, respectively.

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Encouraging news on the economic front, U.S. jobless claims fell to 779,000, a better level than the 830,000 estimates. Continuing claims also dipped to 4.59 million, while still elevated, it is a small sign of progress in the COVID-19 recovery.

On Capitol Hill, Democrats in the House and Senate are set to introduce a resolution Thursday calling on President Biden to take executive action and erase $50,000 of federal student loan debt per individual. Biden has previously pushed back against a cancellation that large in favor of an elimination of $10,000 of student loan debt. Read more at FOX Business