Stocks post losing week | November jobs’ big miss | Most of ARKK’s stocks slide into a bear market

Stocks slipped on Friday, wrapping a volatile week for Wall Street as the omicron Covid variant arrived in the U.S. 

VIEW IN BROWSER | SUBSCRIBE FRI, DEC 03, 2021 EVENING BRIEF AS OF FRI, DEC 03, 2021 • 05:11 ET DJIA 34580.08 -0.17% -59.71 S&P 500 4538.43 -0.84% -38.67 NASDAQ 15085.47 -1.92% -295.85   Most Active DOW NAME LAST CHG %CHG AAPL 161.84 -1.92 -1.17% MSFT 323.01 -6.48 -1.97% INTC 49.25 -0.25 -0.51% S&P 500 NAME LAST CHG %CHG F 19.14 -0.73 -3.67% AAPL 161.84 -1.92 -1.17% BAC 43.87 -1.02 -2.27% NASDAQ NAME LAST CHG %CHG AAPL 161.84 -1.92 -1.17% DOCU 135.09 -98.73 -42.22% AMD 144.01 -6.67 -4.43%   EDITOR'S NOTE Stocks slipped on Friday, wrapping a volatile week for Wall Street as the omicron Covid variant arrived in the U.S.    Technology stocks were punished most severely during the trading session. The Nasdaq Composite fell 1.9%.    Omicron fears, and the Federal Reserve mulling a quicker-than-expected rollback of its bond-buying program, left the major averages solidly in the red for the week. The Dow Jones Industrial Average dipped 0.9% this week. The S&P 500 and Nasdaq Composite dropped 1.2% and 2.6%, respectively, since Monday.    November's jobs report dented sentiment on Friday. Nonfarm payrolls increased by just 210,000 for the month of November, the Labor Department said. That's far below economists' estimates for 573,000 new jobs.   The big miss came even as the labor force participation rate increased for the month to 61.8% — its highest level since March 2020. "It is unsettling to see that we were unable to build on October's strong numbers, with uncertainty only set to increase as the winter progresses," said Steve Rick, chief economist at CUNA Mutual Group.   "That said, it is not completely surprising that this month fell short with the country preparing to respond to the COVID-19 Omicron variant and continuing to battle rising inflation and the ongoing supply chain crisis," Rick said.   However, the unemployment rate fell sharply to 4.2%, versus an expectation of 4.5%.   Meanwhile, some investors took solace in the fact that wage growth wasn't as hot as feared. Average hourly earnings rose 0.26% month over month and 4.8% year over year. Both figures were slightly below estimates. Maggie Fitzgerald | CNBC Markets Reporter @mkmfitzgerald Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks fall on Friday to cap tumultuous week of trading from new Covid variant threat Job growth disappoints in November, with a gain of just 210,000, despite high hopes Biden signs bill to prevent shutdown as Congress turns to debt ceiling, social spending bill U.S. Covid vaccinations spike as several states confirm omicron cases Didi shares tumble on plan to delist from the U.S. The worst-performing tech stocks this week suggest the U.S. is done with Covid lockdowns All of the stocks in Cathie Wood's Ark Innovation fund are in a bear market except 2 Nearly 1 million more jobs were created this year than the government first estimated Charlie Munger says Costco will eventually be a huge internet player, posing a big threat to Amazon DocuSign shares plunge 40% after the company gave weak guidance   TOP VIDEO This is how to invest in the midst of today's market sell-off   CNBC PRO Here are Credit Suisse's highest conviction stock picks heading into December   SPECIAL REPORTS Crypto investors see looming NFT bubble but tout staying power of the underlying tech How to get the free at-home Covid tests promised by White House   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS Watch our live stream for all you need to know to invest smarter.