Dow And S&P 500 Indexes Close At All-Time Highs

Discussion in 'Stock Market Forum' started by PaulSchinider, May 31, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

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    [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

     
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