Stocks edge mostly lower after weak revenue forecast by Amazon.

Major U.S. stock indexes edged mostly lower in lateafternoon trading Friday as enthusiasm over a surge in hiring in January was tempered by a weak revenue forecast by Amazon.

Losses in retailers, led by Amazon, outweighed gains in energy stocks, banks and technology companies, placing the benchmark S&P 500 index on track to break a two-day winning streak.

The solid jobs report came a day after investors got encouraging news from the Federal Reserve, which confirmed that it will be “patient” in deciding when to raise interest rates.

Stocks are coming off their biggest monthly gain since 2015 as investors worry less about the prospects of the U.S. economy dipping back into recession and as big U.S. companies report mostly higher earnings. Chevron and Exxon both gained after results beat forecasts.

The market’s strong finish to January, capped by the jobs report, may have prompted investors to take a breather Friday.

“There’s going to be a vacuum of positive catalysts next week, with the exception of a few individual earnings reports,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “With this type of a rally behind us, it just looks to me like we’re running out of a little bit of steam here in the near term.”

The S&P 500 index slipped 2 points, or 0.1 percent, to 2,701 as of 3:45 p.m. Eastern time. The Dow Jones Industrial Average rose 29 points, or 0.1 percent, to 25,029.

The Nasdaq composite dropped 29 points, or 0.4 percent, to 7,252 points. The Russell 2000 index of smaller companies picked up less than 1 point, or 0.1 percent, to 1,500. Major European indexes finished higher.

Stocks got an early boost Friday as investors welcomed the latest monthly U.S. hiring snapshot.

U.S. employers added 304,000 jobs in January, far more than the 165,000 that economists were expecting.

Despite the strong jobs report in the U.S., investors are seeing signs of weakness elsewhere in the global economy. Inflation among the 19 countries that use the euro eased in January, a sign of weakness in a region already beset by many challenges. Italy is in a recession and Britain appears to be headed for a disorderly exit from the European Union.

In the U.S., consumer confidence fell in January for a third straight month. The housing market is slumping as mortgage rates increase. Sales of existing homes plunged in December and fell 3.1 percent in 2018.

The trade war between the U.S. and its trading partners continues to be a significant worry for investors. On Friday the European Union introduced new measures to prevent steel produced for the U.S. market from flooding into Europe.

The price of benchmark U.S. crude fell about 40 percent during the final quarter of 2018.