(Reuters) – The New York Stock Exchange opened slightly higher on Monday, as investors await the release of a series of economic indicators this week, in order to assess the trajectory of interest rates from the Federal Reserve.

In early trading, the Dow Jones index gained 51.78 points, or 0.12% to 44,962.43 points and the broader Standard & Poor’s 500 rose 0.18% to 6,043.11 points.

The Nasdaq Composite gained 0.24%, or 46.24 points, to 19,264.41 points.

A wait-and-see attitude prevails ahead of the release of a series of economic data during the week, including the November jobs report on Friday, a key measure for assessing the state of the job market and the economy.

This indicator will be crucial for investors to assess the likely path of interest rates from the Federal Reserve (Fed), which is due to make a decision on borrowing costs at its next meeting on December 18, against a backdrop where the upcoming presidency of Donald Trump complicates the outlook for activity and monetary policy.

Traders currently see a greater than 65% chance that the Fed will opt for a 25 basis point rate cut, up from nearly 83% a month ago, according to the CME’s FedWatch tool, so that the data overall indicates a resilient economy.

Still on the macroeconomic level, the November manufacturing ISM will be published at 3:00 p.m. GMT.

In terms of values, Intel rose 3.1% after the announcement of the retirement of its general director, following his difficulties in remaining in the artificial intelligence chip market.

Stellantis shares listed in New York fell 7.7%, the car manufacturer having announced on Sunday the resignation of Carlos Tavares, general director of the group since its creation.

Tesla for its part gained 3.2% after Stifel raised its price target on the automaker’s stock to $411, compared to $287 previously.

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(Written by Diana Mandiá)

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