S&P 500 sets record highs ahead of FOMC minutes release

The S&P 500 closed at a record-high on Tuesday, as markets awaited the minutes of the Federal Reserve's January monetary policy meeting.

The S&P 500 rose zero-point-two percent, to stand at 6-thousand-one hundred-29 points.

This comes ahead of the Federal Open Market Committee minutes release set for Wednesday afternoon, which could contain clues about how long the Fed will keep rates unchanged.

At the Fed's meeting last month, it decided to leave its benchmark lending rate unchanged following three straight cuts, saying inflation remained "somewhat elevated."