U.S. stocks rise ahead of Fed's policy meeting

The Wall Street shares closed higher with the benchmark Standard & Poor's 500 reaching its new record high on Monday as investors weighed prospects of the U.S. economy speculating whether the Fed scales back on the next policy meeting. The Standard & Poor's 500 Index added 0.18% to 1,808.37, the Dow Jones industrial average gained 0.03% to 16,025.53 and the Nasdaq Composite index rose 0.15% to 4,068.751.