US stock indices close at fresh record highs

US stock indices rose on Monday, and hit new record highs amid the corporate earnings season and ahead of the Fed's meeting.

This comes ahead of the US Federal Reserve’s monetary policy meeting, amid anticipation of more clues about the pace of the US inflation and the future of interest rates.

The Fed meeting will launch on Tuesday, and will continue to Wednesday, amid expectations of holding the benchmark interest rate near zero, and will be followed by a press conference from the Fed Chief Jerome Powell.

Major US companies will start announcing their Q2 business results this week, led by Tesla, Apple, Facebook and Amazon.

To the oil market, WTI crude August futures fell 0.2% or 16 cents, and closed at $71.91 a barrel, after hitting a high of $72.4 and a low of $70.5.

Brent September futures rose 0.5% or 40 cents, and closed at $74.5 a barrel, after hitting a high of $74.5 and a low of $72.7.

As for stocks, Dow Jones rose 0.2% or 82 points, and closed at 35,144, with a day high of 35,150, and a low of 34,950.

S&P 500 rose 0.2% or 10 points to 4,422, after hitting a high of 4,422 and a low of 4,405 points.

Nasdaq rose 0.1% or 3 points to 14,840, with a high of 14,863 and a low of 14,790.