US Market Summary: The Dow Jones Industrial Average rose by $133.40, and the Nasdaq Composite Stock Index closed 71.78 points higher

Good morning to all Moomoo users!Here are today's key points in the US stock market:
● The Dow Jones Industrial Average ended at $33269.77, $133.40 higher
● Inflation control, difficult due to market optimism = FOMC agenda summary
● US ISM manufacturing business climate index fell to 48.4 in December
● The number of job offers in the US was almost flat in November = employment dynamics survey
● Fed needs to raise interest rates to around 5.4% = Minneapolis Fed Governor
● Morgan S Wilson has strict eyes on the high-tech industry - delayed due to cost reduction
● Notable stocks: $General Motors(GM.US)$、 $Toyota Motor(TM.US)$、 $Microsoft(MSFT.US)$、 $Meta Platforms(META.US)$
●Foreign exchange
-Moomoo News US Stocks

Market Overview
The Dow Jones Industrial Average on the 4th ended trading at 33269.77 dollars, which was 133.40 dollars higher. The Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, ended 71.78 points higher at 10458.76. The S&P 500 average, which consists of stocks of 500 companies that are large American stocks, ended 28.83 points higher at 3852.97.

Top news
Inflation control, difficult due to market optimism = FOMC agenda summary
According to the Federal Open Market Committee (FOMC) minutes summary (held on 12/13 to 14 last year) announced by the US Federal Reserve (Fed) on the 4th, it was found that officials were concerned that if interest rate hike stoppage observations spread to the market, decelerating the economy and suppressing inflation could become even more difficult.

US ISM manufacturing business climate index fell to 48.4 in December
The 2022/12 manufacturing business climate index announced by the Rice Supply Management Association (ISM) on the 4th was 48.4, a decline from November 49.0. It fell further below 50, which is a milestone in the expansion and contraction of economic activity, and it became clear that demand continued to decline due to rising interest rates.

The number of job offers in the US was almost flat in November = employment dynamics survey
According to the 2022/11 Employment Dynamics Survey (JOLTS) announced by the U.S. Department of Labor on the 4th, the number of job offers was about 10.5 million, which was almost flat from the previous month, and maintained a high level historically.

Fed Needs to Raise Interest Rates to Around 5.4% = Minneapolis Fed Governor
President Neil Kashkari of the US Minneapolis District Federal Reserve Bank clarified the view that although there are signs of a slowdown in inflation, it is necessary for the Federal Reserve (Fed) to continue raising interest rates for the time being. It indicated the forecast that it would be necessary to raise interest rates to around 5.4% in the first half of this year.

Morgan S Wilson takes a hard look at the tech industry - falling behind due to cost reduction
Mr. Wilson, the chief strategist in charge of US stocks at Morgan Stanley, pointed out in an interview with Bloomberg Television that technology companies “are not good at cutting costs.” “Technology companies want to invest aggressively at all times. Cost reduction is poor, and implementation will be delayed,” he said, “It will take longer than thought. The deterioration in profit margins may become more serious in fields that have been delayed in this way,” he said.

Notable stocks
GM recaptured top position from Toyota in US automobile sales volume in '22
$General Motors(GM.US)$ : In the US automobile manufacturer, General Motors (GM) revealed on the 4th that the number of units sold in '22 increased 2.5% to 2.74 million units. It was because they were able to recover from a situation where production was suspended due to a shortage of parts. Also, in '22, GM's sales volume in the US surpassed Toyota Motor Corporation by about 165,630 units, and recaptured the top position from Toyota.

Toyota reduces U.S. new car sales by 10% in '22, EVs down 14%
$Toyota Motor(TM.US)$: Toyota Motor Corporation's American Depositary Receipts (ADR) fell 0.6% in the US stock market on the afternoon of the 4th. Sales results in the US announced by the company on this day are viewed as material. Although Toyota's sales volume of new US cars increased from the same period last year in the 10-12 fiscal year, it declined for the full year of 2022.

Is Microsoft growth slowing down or is cloud and office weak
$Microsoft(MSFT.US)$ : UBS analysts expressed the view in their investigation report that there is a possibility that Microsoft will enter a deceleration period. The weakness of the company's cloud service “Azure (Azure)” and the cloud-based integration software “Microsoft 365” (formerly “Office (Office) 365”) were cited as factors.

EU fines 55 billion yen on US meta tracking advertisement
$Meta Platforms(META.US)$ : The personal information protection authority of the European Union (EU) has determined against US Meta Platforms that it is not permitted to display tracking type advertisements using the terms of service with users as a shield. It was also decided to impose a fine of 390 million euros (about 55 billion yen).

Forex