As the markets near the close of an intense week driven by Covid Omicron variant development, stock futures fell slightly in overnight trading on Thursday.

The Dow Jones Industrial Average futures lost about 30 points. S&P 500 futures dipped 0.1% and Nasdaq 100 futures edged 0.1% lower.

Friday’s release of the November jobs report will be at 8:00 AM. Investors anticipate solid job growth in November. Dow Jones economists forecast 581,000 additional jobs for November.

Thursday’s normal trading session saw the three main indexes recover. Dow rose 617 points. The S&P 500 rose 1.4% and the Nasdaq Composite gained 0.8%.

The economic recovery has helped some recent losses of Cyclical names. Industrials led the S&P 500 sectors Thursday with a 2.89% gain.

“We view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes,” Marko Kolanovic, JPMorgan chief global markets strategist, said in a note Wednesday.

Data front initial jobless claims totaled 222,000 for the week ended Nov. 27, lower than economists expected.

The averages continue to lose despite Thursday’s rally. The Dow and the Nasdaq Composite are each about 0.7% lower on the week, while the S&P 500 is down 0.4%.

“With rising cases of the virus, a less accommodative Fed, and tougher growth comps in the year ahead, the uncertainties around the outlook may simply be building — resulting in a more volatile environment for price discovery,” Goldman Sachs’ Chris Hussey said in a note.