Stocks reversed from record highs on Friday as investors digested weaker-than-expected jobs data following a volatile week chalk full of geopolitical concerns.

The Dow Jones Industrial Average traded 105 points lower, or 0.4%. Earlier in the session, the 30-stock average broke above 29,000 for the first time ever. The S&P 500 was down by 0.1% while the Nasdaq Composite hovered just below the flatline. 

Boeing shares dropped more than 1.5% to lead the Dow lower. Losses in the S&P 500 financials and industrial sectors offset gains from real estate and utilities. 

The U.S. economy added 145,000 jobs in December. Economists polled by Dow Jones expect the U.S. economy to have added 160,000 jobs in December.

Wages also disappointed, growing by just 2.9% on a year-over-year basis. Economists had forecast a gain of 3.1%. December was also the first month since July 2018 that wages grew by less than 3% from the year before.

“The December jobs report was a little softer than expected but not so much so as to stoke big worries about the US consumer and the health of the overall economy,” said Alec Young, director of global markets research at FTSE Russell. “Although both readings were slightly below expectations and the recent trend, neither is overly alarming by itself.”

Stocks hit record highs on Thursday as tensions between Iran and the U.S. decreased. The move higher put the major averages on track for solid weekly gains after a volatile week of trading.