Comment on Nasdaq falls nearly 2% as US stocks battered by Omicron volatility

Nasdaq falls nearly 2% as US stocks battered by Omicron volatility

TIMOTHY A. CLARY/AFP via Getty Images US stocks tumbled Friday, dragged by mega-cap tech shares that were battered by the Omicron volatility. The disappointing November jobs report added an additional layer of uncertainty.  The 10-year Treasury yield slipped to 1.355% from Thursday's 1.447% rate. Sign up here for our daily newsletter, 10 Things Before the Opening Bell US stocks tumbled Friday, dragged by mega-cap technology shares that were battered by the volatility brought about by the new coronavirus strain this week. The disappointing November jobs report added an additional layer of uncertainty as investors try to chart the path of Federal Reserve policy going into 2022. The tech-heavy Nasdaq ended lower by nearly 2% and slid to a weekly loss. Cathie Wood's flagship ARK Innovation ETF — which holds names like Tesla, Coinbase, and Zoom — was hammered by the sell-off.Here's where US indexes stood at the 4:00 p.m.

 

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