PARIS (Reuters) – The New York Stock Exchange opened higher on Monday, with investors showing optimism on the eve of the two-day monetary policy meeting of the US Federal Reserve (Fed).

In early trading, the Dow Jones index gained 33.43 points, or 0.08%, to 43,861.49 points. The broader Standard & Poor’s 500 rose 17.54 points, or 0.29%, to 6,068.63 points. These two indices are rebounding after ending the previous week down.

The Nasdaq Composite rose 93.51 points, or 0.47%, to 20,020.23 points, after touching the 20,000 point mark for the first time last week.

The market rebound hides a generally wait-and-see attitude, hence the weakness of the gains.

The Fed will make its final monetary policy decision of the year on Wednesday. Traders expect a 97% probability of a rate cut of 25 basis points, according to CME’s Fedwatch barometer.

Market focus will shift to Fed officials’ outlook for next year, with expected economic forecast updates as bets moderate on the pace of rate cuts amid strong growth economic and persistent inflation.

In terms of values, Tesla advances by 0.72% while Wedbush estimates that the market capitalization of the automobile manufacturer should reach 2,000 billion dollars by the end of 2025.

Microstrategy takes 3.60%, the group preparing to join the Nasdaq 100 index alongside Palantir (+0.40%), while Super Micro Computer, which will leave the index, falls by 10.40 %.

Cryptoasset groups Coinbase Global (+2.58%), Bitfarms (+2.03%), Riot Platforms (+1.69%) and Hut 8 (+0.75%) are in demand as bitcoin surpassed for the first time the threshold of 105,000 dollars. US President-elect Donald Trump has hinted that he plans to create a strategic bitcoin reserve in the United States similar to the strategic oil reserve.

Honeywell rose 1.40% as the company announced that it was considering a spin-off of its aerospace activities.

(Written by Claude Chendjou, edited by Sophie Louet)

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