[h=2]The S&P 500 and the Dow finished in the green for the fourth-consecutive month, with the Volatility Index at its 52-week low [/h] Despite the mixed economic data coming out of the US, investors showed little signs of concern as the Dow Jones Industrial Average (DJIA) and the S&P 500 Index closed at their all-time highs yesterday, marking its four-month streak in the green. The Dow Jones Industrial Index increased 0.11%, or 18.43 points, yesterday to close at 16,717.17. Positive sentiment in the market saw the Dow surpass its previous record of 16,715.44, posted on May 13. During this holiday-shortened week, the Dow saw an increase of 0.7%. Investors can look to the SPDR Dow Jones Industrial Average ETF (DIA) to replicate the performance of the index with a gross expense ratio of 0.17%. The S&P 500 Index also increased, by 0.18%, or 3.54 points, to close at 1,923.57, registering gains of 1.2% for the week. Despite the S&P 500 trading at its all-time high, the index is currently trading at a one-year forward price-to-earnings (P/E) multiple of 16.31x , lower than the forward P/E multiples of 16.69x and 26.9x seen during the last two record-highs – in October 2007 and March 2000, respectively. Read more: http://tiny.cc/ewnqgx
