U.S. stock market close | On non-farm payroll day, the Nasdaq and s&p 500 both closed higher, with the market adjusting its bets on a moderate interest rate cut; growth tech stocks amazon and Meta continued to hit new highs, while Tesla surged over 5% to
In November, U.S. non-farm payrolls increased more than expected, but the unemployment rate edged up slightly. The market speculates on moderate rate cuts and several voting committee members support slowing down rate cuts next year.
After the non-farm payroll report was released, the FOMC members stepped in to "manage expectations": the Federal Reserve is at or near a point of slowing down interest rate cuts.
In 2024, FOMC voting member Harker stated that the Federal Reserve is "at or near" the point of slowing down interest rate cuts; Federal Reserve hawkish official and board member Bowman, who has permanent voting rights during her term, indicated that progress on inflation seems to have stagnated and still believes that inflation is more concerning than the labor market.
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Meta's highly anticipated large model has arrived this year: Llama 3.3 performs on par with the largest Llama model, but at a lower cost.
The 7 billion parameter Llama 3.3 outperformed Google's Gemini 1.5 Pro, OpenAI's GPT-4o, and the Nova Pro released by amazon earlier this week in industry benchmark tests. Zuckerberg stated this is the last AI large model update for this year, with the next step being the debut of Llama 4 next year.
SPDR S&P 500 ETF Options Spot-On: On December 6th, 5.91 Million Contracts Were Traded, With 18.89 Million Open Interest
On December 6th ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 5.91 million options for the day, of which put options accounted for 53.51% of the total
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OpenAI announced reinforcement fine-tuning but was overshadowed by Musk's xAI and Meta.
① OpenAI released reinforcement fine-tuning technology, which can create expert models based on a small amount of specific field data; ② Musk's xAI has made the Grok chatbot available to all users; ③ Meta launched the Llama 3.3 70B model, which outperforms competing models from Google, OpenAI, and others in several benchmark tests while being more cost-effective.
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Fed's Daly Says Inflation Nearing 2% Goal, Labor Market Is Balanced; We Have Recalibrated Fed Policy With Rate Cuts So Far; As We Get To 'About Right' Level On Fed Policy Rate, I Am A Proponent Of Gradualism