1 隔夜市场 美股三大指数收盘涨跌不一，道指跌0.07%，纳指涨0.22%，标普500指数涨0.11%，热门科技股涨跌不 一，英伟达涨超2%，亚马逊、苹果跌超1%；Meta涨超3%，据报道，Meta首席执行官扎克伯格预计将 大幅削减对所谓"元宇宙"项目的投入，这一业务曾被他视为公司未来发展的方向；计算机硬件、加密矿 企涨幅居前，SanDisk涨超9%，Hut8涨近7%，戴尔科技涨超4%，惠普涨近3%；贵金属、旅游酒店、锂 矿概念股跌幅居前，美国雅保跌超5%，希尔顿酒店、皇家加勒比邮轮跌超2%。纳斯达克中国金龙指数 收涨0.39%，中概股涨跌不一，蔚来涨超4%，小鹏汽车涨超3%，百度、哔哩哔哩涨超1%，名创优品、 百胜中国跌超1%。 国际金价小幅走高，截至发稿时，现货黄金涨0.16%，报4209.45美元/盎司；COMEX期金涨0.16%，报 4239.2美元/盎司。现货白银一度跌超3%，截至发稿时跌2.35%，报57.1美元/盎司。 伦敦基本金属收盘涨跌不一，LME期铜跌0.47%报11434.00美元/吨，LME期铅涨0.85%报2016.00美元/ 吨，LME期锌涨0.65%报3085.00美元/吨，LM ...

Group 1 - The Trump administration announced a new policy to shorten the validity of work permits for immigrants applying for asylum or other humanitarian programs from five years to 18 months, allowing for more frequent reviews of their status [4] - The U.S. government plans to increase its stake in critical mineral companies, with over $1 billion invested in the past year, which has often boosted the stock prices of related companies [6] - Goldman Sachs has paused the issuance of a $1.3 billion mortgage bond for CyrusOne, a data center operator, following a significant outage at the Chicago Mercantile Exchange due to a cooling system failure [9] - Bank of America will allow wealth management advisors to recommend cryptocurrency investments starting January 5, marking a significant milestone in the digital asset space [11] - The Federal Housing Finance Agency (FHFA) director is under investigation for alleged abuse of power related to mortgage fraud accusations against political opponents, following a request from Senate Democrats [13] - Meta's stock price rose approximately 4% after reports indicated that the company plans to significantly cut its metaverse business budget by up to 30% [15]

Core Insights - Tesla achieved significant progress in the annual automotive brand ranking by Consumer Reports, moving from 18th in 2024 to 10th in 2025, with Japanese brands occupying five of the top ten spots [1][9] - Nvidia's stock rose as it announced the addition of several popular games to its GeForce NOW platform, indicating ongoing growth in the gaming sector [1][10] - Meta Platforms plans to cut its metaverse business budget by up to 30%, reflecting a strategic shift away from its initial focus on social media [1][10] Company Summaries - **Tesla**: Stock increased by 1.73% with a trading volume of $31.936 billion. The brand ranked 10th in the latest Consumer Reports automotive brand ranking, a significant improvement from 18th place in 2024 [1][9] - **Nvidia**: Stock rose by 2.12% with a trading volume of $30.305 billion. The company is set to enhance its GeForce NOW platform with new game additions, showcasing its commitment to the gaming industry [1][10] - **Meta Platforms**: Stock increased by 3.43% with a trading volume of $19.748 billion. CEO Mark Zuckerberg is considering a budget cut of up to 30% for the metaverse division, marking a strategic pivot for the company [1][10] - **Amazon**: Stock decreased by 1.41% with a trading volume of $10.37 billion. The company is in discussions with the U.S. Postal Service regarding their partnership and is evaluating options before the current contract expires [2][10] - **Snowflake**: Stock fell by 11.41% with a trading volume of $6.074 billion. The company signed a $200 million multi-year AI collaboration agreement with Anthropic, which will integrate its language models into Snowflake's platform [2][10] - **Micron Technology**: Stock decreased by 3.21% with a trading volume of $5.288 billion. The company plans to exit the consumer market to focus on providing storage products for high-performance AI chip-driven computing clusters [2][11] - **Salesforce**: Stock rose by 3.66% with a trading volume of $4.869 billion. The company reported a revenue increase of 8.6% year-over-year and raised its full-year revenue guidance to between $41.45 billion and $41.55 billion [3][12] - **Intel**: Stock fell by 7.45% with a trading volume of $4.299 billion. The company decided to retain its networking and communications division, indicating a strategic shift in its long-term business outlook [4][5][12]

Economic Indicators - US weekly initial unemployment claims fell by 27,000 to a 3-year low of 191,000, indicating a stronger labor market than the expected increase to 220,000 [2] - November Challenger job cuts rose by 23.5% year-over-year to 71,321, which is the highest for November in three years but lower than the expected increase of 48.0% [2] - The markets are anticipating a 91% chance of a 25 basis point rate cut at the next FOMC meeting on December 9-10 [8] Corporate Earnings and Stock Movements - Dollar General's stock rose over 14% after it raised its full-year comparable sales forecast [3][19] - Meta Platforms increased by more than 3% following CEO Zuckerberg's announcement of a potential 30% budget cut for the metaverse group [3][19] - Hormel Foods' stock rose over 3% after reporting stronger-than-expected Q4 EPS [3][20] - Science Applications International (SAIC) saw a 16% increase in stock price after reporting Q3 adjusted EPS of $2.58, exceeding consensus estimates [18] - UiPath's stock surged over 24% after reporting Q3 total revenue of $411.1 million, surpassing expectations [17] Market Performance - Stock indexes settled mixed, with the S&P 500 reaching a 3-week high, while the Dow Jones Industrial Average and Nasdaq 100 declined from their highs due to rising bond yields [5][6] - The 10-year T-note yield rose by 5 basis points to 4.11%, influenced by the drop in initial jobless claims and rising inflation expectations [5][10] International Market Developments - The Bank of Japan is likely to raise interest rates this month, leading to an 18-year high in Japan's JGB yields [4] - European government bond yields were mixed, with the 10-year German bund yield climbing to a 2-month high of 2.775% [11][12]

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].

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].

Core Points - The European Commission has initiated a formal antitrust investigation into the new restrictions imposed by the Metaverse Platform Company on AI service providers accessing the WhatsApp messaging application [1] - The new policy, effective from October 2025, is believed to potentially hinder third-party AI service providers from offering services via WhatsApp in the European Economic Area, while the company's own AI service, "Meta AI," remains accessible [1] - The investigation will assess whether these actions violate EU regulations against the abuse of market dominance, with no set deadline for completion as it depends on the complexity of the case and cooperation from involved parties [1]

中概股盘初大涨。 当地时间12月4日晚间，美股三大指数集体高开，随后震荡走低，三大股指一度纷纷转跌，小幅探底后震荡回升。截至发稿，道指涨0.04%，标普500指数跌0.01%， 纳指跌0.1%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | DJI | 道琼斯工业平均 | 47899.83 | 16.93 | 0.04% | | IXIC | 纳斯达克指数 | 23429.61 | -24.48 | -0.10% | | SPX | 标普500 | 6849.21 | -0.51 | -0.01% | 经济数据方面，美国上周失业救济申请人数创下 2022 年 9 月以来的最低水平，截至11月29日当周（含感恩节假期），初请失业金人数减少2.7万，至19.1万人，预估 为22万人，前值为21.6万人。 芝商所美联储观察工具最新数据显示，市场对下周三降息的定价概率较昨日（90%）小幅下降，但仍有87%，远高于几周前水平。目前，华尔街普遍认为美联储将 在年内最后一次议息会议上降息25个基点。 个股方面，Meta盘初一度涨超5%，截至发稿涨 ...

记者丨江佩佩 吴斌 见习记者张嘉钰 编辑丨张楠 12月4日，美股小幅高开，截至北京时间23点，美股三大指数转跌，道琼斯指数跌0.11%，标普500指数 跌0.08%，纳斯达克综合指数跌0.21%。 大型科技股多数上涨，脸书涨超5%，英伟达涨逾1%。Meta上涨5.7%，创7月31日以来最大盘中涨幅， 消息面上，据智通财经报道，Meta计划将元宇宙项目支出削减至多30%。Snowflake跌超8%，第四财季 营业利润率指引逊预期。 自动化软件公司Uipath涨7.5%，Q3业绩全面超预期，实现经营利润1300万美元。Dollar General涨 5.6%，上调全年业绩指引。 中国资产逆势上涨，纳斯达克中国金龙指数涨0.42%，无忧英语涨超13%，正业生物涨超8%、阿特斯太 阳能涨超6%，蔚来、小鹏汽车涨超3%，哔哩哔哩涨超2%，理想汽车、百度涨近1%。 世界黄金协会(WGC)周四发布的报告预计，2026年黄金价格有望再上涨15%至30%。WGC指出，美债收 益率下行、地缘政治风险高企以及显著增强的避险需求叠加，将为黄金提供极为强劲的顺风。 加密货币方面，截至22:57，比特币短线加速下跌，跌穿9.2万美元，目 ...

12月4日，美股小幅高开，截至北京时间23点， 美股三大指数转跌， 道琼斯指数跌0.11%，标普500指数跌0.08%，纳斯达克综合指数跌 0.21%。 | 美股指数 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 47829.39 | 23405.28 | 6843.93 | | -53.51 -0.11% | -48.81 -0.21% | -5.79 -0.08% | | 中国余龙 | 纳指100期货 | 标普500期货 | | 7721.99 | 25591.50 | 6859.75 | | +20.49 +0.27% -66.00 -0.26% | | -2.25 -0.03% | 记者丨江佩佩 吴斌 见习记者张嘉钰 大型科技股多数上涨，脸书涨超5%，英伟达涨逾1%。Meta上涨5.7%，创7月31日以来最大盘中涨幅，消息面上，据财联社报道，Meta计划将 元宇宙项目支出削减至多30%。Snowflake跌超8%，第四财季营业利润率指引逊预期。 自动化软件公司Uipath涨7.5%，Q3业绩全面超预期，实现经营利润1300万美元。Dollar G ...