深夜！利好，大涨！

Core Viewpoint - The article discusses the recent fluctuations in the US stock market, highlighting a significant rise in Meta's stock price due to anticipated budget cuts in its metaverse projects, which have been a source of investor skepticism and financial losses for the company [1][4][8]. Market Overview - On December 4, US stock indices showed slight fluctuations, with the Dow Jones remaining stable, while the Nasdaq and S&P 500 experienced minor declines of -0.09% and -0.05% respectively [2]. - Initial jobless claims in the US fell to 191,000, the lowest level in over three years, indicating that despite recent layoffs, companies are generally retaining employees [2][3]. - The labor market is showing signs of cooling, leading to expectations that the Federal Reserve may lower interest rates by 25 basis points in its upcoming meeting [3]. Meta's Stock Performance - Meta's stock surged nearly 4%, marking it as one of the standout performers in the market [4]. - The stock reached a high of $676.10, with a trading volume of approximately 17.3 million shares and a market capitalization of $1.68 trillion [6]. Budget Cuts in Metaverse Projects - CEO Mark Zuckerberg is reportedly planning to significantly reduce the budget for metaverse-related projects by up to 30%, which includes the Meta Horizon Worlds and Quest VR devices [8]. - This budget cut is part of the company's 2026 annual budget planning and reflects a shift in focus away from the metaverse, which has been criticized as a "money-burning black hole" [8][10]. - The Reality Labs department, responsible for the metaverse initiatives, has incurred losses exceeding $70 billion since early 2021, prompting calls from analysts for a reevaluation of resource allocation [10]. Strategic Shift - Zuckerberg has increasingly shifted focus from the metaverse to generative AI products and related hardware, indicating a strategic pivot in the company's long-term vision [10].