(Reuters) – The New York Stock Exchange opened slightly higher on Tuesday, the day after new closing records for the S&P 500 and the Nasdaq, as attention turned to US monetary policy and a series of announcements linked to the artificial intelligence sector.

In early trading, the Dow Jones index gained 77.60 points, or 0.17%, to 46,772.57 points and the broader Standard & Poor’s 500 rose 10% to 6,747.26 points.

The Nasdaq Composite takes 0.10%, or 23.11 points, to 22,964.78

The New York Stock Exchange remains supported by monetary policy and the outlook for promising sectors such as AI, and leaves aside, at least for the moment, concerns linked to the closure of the American administration since last Wednesday.

Traders expect the Federal Reserve (Fed) to cut interest rates by 25 basis points at its meeting later this month, as a series of reports released last week reinforced fears of a weakening jobs market, despite the absence of official figures due to budget disagreements in Congress.

“Given the labor market is slowing, I think that will be enough of a case to cut the policy rate further,” said Jamie Cox, an economist at Harris Financial Group.

Fed Vice President for Supervision Michelle Bowman, Atlanta Fed President Raphael Bostic, Fed Governor Stephen Miran and Minneapolis Fed President Neel Kashkari are scheduled to speak on Tuesday and her remarks will, as always, be closely followed by investors.

In terms of values, Dell gained 4.4% after raising its long-term growth forecast for its turnover and profit on Tuesday, a sign of solid demand linked to the artificial intelligence sector.

AMD advances by 6.6%, driven by price target increases from Citigroup, Barclays and Bernstein, and while the stock had already jumped 23.7% the day before following a multi-year agreement with OpenAI.

Tesla, which should present a more affordable version of its Model Y SUV on Tuesday, lost 0.43%.

(Written by Diana Mandiá, edited by Blandine Hénault)

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