深夜！利好，大涨！

Core Viewpoint - The U.S. stock market is experiencing fluctuations, with Meta's stock rising significantly due to anticipated budget cuts in its metaverse projects, which have been a source of investor skepticism [2][5][7]. Economic Data - Initial jobless claims in the U.S. fell to 191,000, the lowest level in over three years, indicating that companies are generally retaining employees despite recent layoffs [4]. - The number of layoffs announced by U.S. companies in November decreased from October but remained the highest for that month in the past three years [4]. Federal Reserve Expectations - There are increasing signs of a cooling labor market, leading to a high probability (89%) that the Federal Reserve will cut interest rates by 25 basis points in its upcoming meeting [5]. Meta's Stock Performance - Meta's stock surged nearly 4%, marking it as one of the standout performers in the market [5]. - CEO Mark Zuckerberg is expected to significantly reduce investments in the metaverse, with potential budget cuts of up to 30% for related departments [5][6]. Metaverse Project Insights - The proposed budget cuts for the metaverse are part of the company's 2026 annual budget planning, with discussions indicating a focus on reducing costs across various business lines by about 10% [6]. - The Reality Labs department, which oversees the metaverse projects, has incurred losses exceeding $70 billion since early 2021, raising concerns among analysts and investors about the sustainability of such investments [7].