U.S. equity markets slipped Thursday as new jobless claims pushed the number since coronavirus lockdowns began in earnest to nearly 39 million.

U.S. equity markets slipped Thursday as investors assessed millions of additional job losses tied to efforts to slow the spread of COVID-19. The Dow Jones Industrial Average fell 41 points or 0.17 percent in the opening minutes of trading while the S&P 500 dropped 0.05 percent. Initial jobless claims for the week ended May 16 totaled 2.44 million, according to the Labor Department. The new filings bring the total number of job losses to almost 39 million over the nine weeks since stay-at-home orders were issued by governors across the country.

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