Striking Distance and Federal Open Market Committee

Nasdaq Composite Index: The S&P 500 marked its ninth closing record for the year, adding 6.47 points, or 0.30 percent, to 2,129.20, after hitting an intraday record of 2,131.78 points, according to Xinhua China. The Nasdaq Composite Index rose 30.15 points, or 0.60 percent, to 5,078.44, within striking distance of its closing record of 5, 092.08 points set on April 24, 2015. The Dow climbed to a new all-time high of 18,325.54 points before ending at its fifth closing record for 2015, up 26.32 points, or 0.14 percent, to 18,298.88. U.S. builder confidence in the market for newly built, single- family homes in May dropped 2 points to a level of 54, missing expectations of a slight gain, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Monday. Investors also kept a close eye on the minutes of the Federal Open Market Committee meeting from April 29, which was scheduled for release Wednesday. Some analysts believed that the U.S. central bank would not raise interest rates until early 2016 as a string of recent data indicated weakness in U.S. economic growth. (news.financializer.com). As reported in the news.