S&P 500 hits four-year high as rally continues

The S&P 500 is at a four-year high and the Dow looks set to follow as US equity investors continue to make gains.

The S&P 500 was up 0.3% at 1,423 shortly after the open today, its highest level since May 2008. The Dow Jones Industrial Average, meanwhile, stood 0.2% higher at 13,291, 7 points shy of its highest level since January 2008. The S&P 500 has risen 13% this year and the Dow is up 8.8%. Both indices are on course for their seventh consecutive week of gains amid poor trading volumes and more relaxed attitudes towards the global recovery and the eurozone crisis. US treasuries, by contrast, slipped again today. Ten year-yields ticked up to 1.84%, having reached a three-month high of 1.86...