US stocks rose on Monday as investors prepared for the Federal Reserve's final policy decision of the year, with the S&P 500 up 0.3% and the Nasdaq Composite gaining 0.5%. Bitcoin reached a record high above $106,000 amid optimism for a crypto-friendly administration, while MicroStrategy's stock surged over 4%. Market focus is on the Fed's interest-rate decision expected on Wednesday, with a 97% probability of a 25 basis point cut, as well as updates on inflation and retail sales. Meanwhile, Super Micro Computer Inc. shares plummeted 14% after being removed from the Nasdaq 100.
