As the market weighed the economic data, U.S. stocks extended their gains on Friday and closed higher across the board. The Dow has recorded its longest weekly winning streak since February 2019, the S&P 500 has hit a new high for the year, and the longest weekly winning streak in four years, and the S&P 500 has accumulated **20% so far this year, reaching its highest point since March 2022. As of that day, the Dow was 13049 points, an increase of 036% to close at 3624787 points;NASDAQ**6398 points, an increase of 045% to close at 1440397 points;S&P 500**1878 points, an increase of 041% to close at 460437 points. The three major stock indexes closed higher this week, marking the sixth consecutive week**.
On the 8th local time, the latest data released by the U.S. Bureau of Labor Statistics showed that the number of new non-farm payrolls in November was 1990,000, the market expectation is 190,000, and the previous value is 150,000. Growth was mainly in the healthcare and ** sectors, with the number of new jobs in the manufacturing sector also rising as workers returning to work after the previous strike, and the number of new jobs in the retail sector declining.
Biden peddled the non-farm payrolls report released on December 8, calling it a necessary "sweet spot" to "achieve stable growth and lower inflation" and "discouraged the Fed from [resuming a series of interest rate hikes]".
WTI***2 for January delivery7% to close at 71$23 barrel. Brent oil prices for February delivery **19% to close at 75$57 barrel. Although the U.S. was on Friday, it was still the seventh consecutive week, the longest losing streak since 2018. Among them, WTI oil prices have accumulated **3 this week8%。There is a market view that oil prices are lower as the market is still not interested in the production cuts plans of major oil producers.
The FDA on Friday approved the first gene, Casgevy, to be used for sickle cell disease. However, analysts believe that the ** will take too long, and the cost of the single ** is expensive, and they are worried about the lack of demand. The two companies that developed the **, Futai Pharmaceuticals and CRISPR, both on Friday**.
The EU has struggled to reach an agreement that promises to be the most comprehensive regulation of AI in the Western world. Thierry Breton, head of the EU's internal market, said in a post on social media on Friday that representatives from the European Commission, the European Parliament and the 27 member states agreed to make a decision on OpenAI IncChatGPT and Google's Bard are a series of controls by generative AI tools that produce content on command. The draft legislation still needs to be formally approved by EU member states and the Parliament. But the deal marks a key step toward a landmark AI policy for the European Union in the absence of any significant action by the US Congress. This sets the tone for regulation of this rapidly evolving technology. The European Union aims to implement strict regulatory measures for AI for the first time outside of Asia.
Apple's top executives responsible for the design of iPhone and smartwatch products will leave, and the company's most critical product line will face adjustments. Tang Tan, vice president of product design, will leave in February, according to people familiar with the matter. Reporting to John Ternus, senior vice president of hardware engineering, Tan is realigning responsibilities to address the transformation. People familiar with Apple's business said Tan's departure was a blow to him as he made key decisions about Apple's most important products. John Teernus has restructured the hardware engineering team he has taken over since 2021.
The European Union has reached a preliminary agreement on a gas regulation to enable member states to effectively ban the import of Russian liquefied natural gas (LNG) without new energy sanctions. The European Parliament and the European Council, representing member states, approved part of a decarbonization package on December 8. The plan sets common rules for natural gas, renewable gases, and hydrogen to prepare the EU to move away from fossil fuels. The EU's move will allow member states** to temporarily block Russian and Belarusian exporters from booking the infrastructure needed for LNG and gas shipments.