Major U.S. indexes gave up their early gains and turned lower after the monthly jobs report showed that the U.S. added fewer jobs than expected but the broader unemployment rate declined.

The S&P 500 slipped 0.2% in early New York trading Friday. The index rallied Thursday despite uncertainty about the Omicron variant’s potential impact on the global economy. The tech-focused Nasdaq Composite lost 0.9%. The Dow Jones Industrial Average fell less than 0.1%.