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U.S. stocks were higher after the close on Wednesday, as gains in the Financials, Oil & Gas and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 3.58% to hit a new all time high,

The swap reflects their reversal of fortunes within the tech industry and would have been unthinkable a few years ago.

Nvidia will replace rival chipmaker Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices announced late Friday. Sherwin-Williams will step in for Dow Inc.. The changes will take place before the open on Friday,

Nvidia Corp. (NASDAQ:NVDA) is poised to replace Intel Corp. (NASDAQ:INTC) on the Dow Jones Industrial Average index. What Happened: On Friday, S&P Dow Jones Indices announced that Nvidia, along with paint-maker Sherwin-Williams Co.

U.S. equities were higher at the close on Wednesday, as gains in the Financials, Oil & Gas and Industrials sectors propelled shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 3.

The addition of Nvidia to the Dow Jones Industrial Average is a notable milestone, suggesting a more stable outlook for the AI chipmaker in its continued rise and increasing prominence in the tech sector.