Outlook for the USA market: S&P Nasdaq continues to decline for the 3rd day, PCE falls below expectations, Google announces the latest AI model to compete against OpenAI.

Hello MOOMOO users!Here is tonight's analysis of NY stocks.

Market Overview
The American market started with the Dow Jones Industrial Average, composed of excellent stocks, down $45.98 to $42,296.26, while the Nasdaq Composite Index, with a high proportion of technology stocks, started down 182.73 points at 19,190.04. The S&P 500 Average, composed of 500 large cap stocks in the USA, was down 25.08 points at 5,842.00.

Top News
In November, the US Core PCE Price Index was below expectations at +2.8%.
The November US Core PCE (Personal Consumption Expenditures) Price Index, released at 10:30 PM Japan time on the 20th, came in at a year-on-year +2.8%, falling short of the market expectation of +2.5%. Immediately after the Core PCE announcement, the dollar-yen weakened, temporarily falling to 156.36 yen. The yield on the US 10-year Treasury bond dropped from the 4.53% level to the 4.50% level.

Federal Reserve Bank President Daly expects fewer rate cuts next year than expected.
The President of the Federal Reserve Bank of San Francisco said in an interview with Bloomberg Television that it is necessary to carefully observe the situation before cutting interest rates, and explicitly agreed with FRB Chairman Powell's views. He also conveyed perspectives such as 'if the labor market significantly weakens, the number of rate cuts may be less than 2 times or may be 2 times or more,' and 'economic conditions are good and the labor market is strong, as reported by stakeholders.'

Trump pressures the EU with tariffs, demanding increased purchases of US petroleum and gas.
According to Bloomberg, President Trump warned on the 20th that if EU member countries do not purchase more American petroleum and gas, tariffs will be imposed, increasing pressure. Trump posted on his own social media platform 'Truth Social', 'In order to reduce America's huge trade deficit, the EU needs to purchase more American petroleum and gas. Otherwise, tariffs will be imposed!'

Google announced its first AI inference model to compete against OpenAI's 'o1'.
Google announced on December 19th (local time) its first AI inference model, 'Gemini 2.0 Flash Thinking.' 'Gemini 2.0 Flash Thinking' utilizes a slow thinking approach similar to OpenAI's 'o1' model, allowing a deep visualization of the entire 'thought process.' In other words, the inference model is trained to show the steps taken and the information referenced during the problem-solving process in a human-understandable manner.