The United States government's missile strikes in Syria shook investors for a second, but they're not running for the hills just yet.

Stocks ended the day with modest declines on Friday in the wake of the Trump administration's Syrian attack and a less-than-impressive jobs report. The Dow fell by 0.03%, the S&P 500 by 0.08% and the Nasdaq by 0.02%. Safe haven trades rallied slightly. But markets largely recovered from their knee-jerk reactions overnight, indicating investors are still relatively unfazed and see Trump's airstrike as a blip.

"Every time you have military action, particularly in a part of the world like this, where potentially you're bringing in the Russian angle, this sort of has the makings of potential geopolitical crisis. Investors are understandably jittery about that," said Peter Cohn, senior analyst at Washington, D.C.-based investment research firm Height Securities LLC. "You see the risk-off trade happen a little bit. But I think there's also the comments from the White House that this is a one-off event, so that's having a little bit of a moderating impact."

Wall Street appears to believe the missile strikes are -- at least for the moment -- a one-time thing in retaliation for chemical attacks carried out by Syrian President Bashar al-Assad against his own people earlier this week. Syria was supposed to have been ridded of chemical weapons per an international agreement in 2013.

"There can be no dispute that Syria used banned chemical weapons, violated its obligations under the Chemical Weapons Convention, and ignored the urging of the U.N. Security Council," President Trump said in a statement on Thursday.

Secretary of State Rex Tillerson called the strike "proportional," noting that it was targeted at the facility that delivered the most recent chemical weapons attack.

"This was clearly a very decisive action taken on the part of President Trump, who I think you heard yesterday said this particular heinous attack changed his view of how horrible use of these weapons are," he said.

Thus far, investors remain relatively relaxed about what might be to come, despite Russia's expressed discontent with the United States' action.

"At this point, it seems like the market's almost taking it in stride," said Ryan Detrick, Senior Market Strategist for LPL Financial. "We had the shake-out last night on the initial news, but so far, the dip has been bought."

While broader stocks remained relatively flat, there have been some movers.

Shares of Raytheon (RTN) - Get Report , the maker of the 59 Tomahawk missiles Trump launched at the Syrian airfield, opened Thursday with a 2% bump but slowed gains to about 1.5% at market close. Defense stocks Boeing (BA) - Get Report , Lockheed Martin (LMT) - Get Report and Northrop Grumman (NOC) - Get Report were in the green. Utilities stocks got a bump as well, as did treasuries and gold.

The Market Vector Russia ETF Trust (RSX) - Get Report fell 3.2%, indicating investors in Russia stocks are getting nervous. The iShares MSCI Mexico ETF(EWW) - Get Report , which tracks Mexican stocks, climbed about 1.2%, noted Jack Ablin, chief investment officer at BMO Private Bank.

"Perhaps investors are somehow inferring that this Syrian situation is really going to take president Trump's attention away from trade disputes," Ablin inferred. Trump has said he plans to renegotiate the North American Free Trade Agreement.

By in large, investors are in wait-and-see mode when it comes to Trump and Syria. As long as tensions with Russia aren't escalated too much -- and Trump's meeting Friday with President Xi Jinping of China goes relatively well -- that is likely to persist.

"Markets are resilient in light of this, and as long as diplomatic relations between the U.S., Russia and China don't go too sideways, markets should maintain their stability," said Eric Aanes, president and founder of California-based Titus Wealth Management.

"It just seems like the market has been extremely resilient to a lot of things, and this is just another one," said Jefferies analyst Steve DeSanctis.

Earnings season, which kicks off next week, also gives Wall Street reason for optimism. U.S. companies are expected to post their strongest quarter earnings since 2011, the Wall Street Journal reported this week, quoting FactSet.

"We're looking forward to hopefully a good earnings season," said Detrick. "The economy still, for the most part, looks good, and hopefully earnings will justify that."

"The one thing that you can say is that investors realize that companies here in the U.S. are in pretty good shape," said DeSanctis.

Observers have largely written off Friday's disappointing jobs numbers as a result of March's harsh winter weather and noted that many of the underlying indicators are strong.

And despite a number of hiccups on Capitol Hill when it comes to legislation, Wall Street is still banking on tax reform -- namely, corporate tax cuts and a repatriation holiday to boost earnings.

"[The Syria missile strike] is a minor blip from our perspective. It does not signal any sort of slowdown in the current administration's ability to move forward on tax reform," Aanes said.

Most on Wall Street still expect tax reform to happen this year or early next. The Trump administration has set an August timeline to get a tax package together.

"It sure better happen. If they say it's dead, the market will definitely throw a fit," Detrick said.

"Until we know more about what the ultimate response from the Russians is going to be, what the response from Syria is going to be and whether we see any escalation here, it's likely to be sort of a temporary phenomenon," Cohn said. "If we get into a situation where they start talking about boots on the ground, then that's a very different thing, and I think there's going to be a lot more negativity in the market."

Updated with market close prices and comments from Steve DeSanctis.