Equities continue to hold ground on the high end after the post-election rally.

Most indexes, like the S&P 500 and Nasdaq Composite, assign a higher weighting to the largest companies by market cap. For example, Apple has roughly 11 times the market cap of Coca-Cola, so it has a much higher weighting in the S&P 500. But in the Dow, Apple is the 12th highest-weighted company by market cap because the index is price-weighted.

Short-term bearish investors can profit from declines in the Dow Jones with ProShares Short Dow30 ETF (DOG), but it's not ideal for long-term investment.

Nvidia (NASDAQ: NVDA) stock investors got some good news to kick off their weekends. On Friday after the market close, S&P Dow Jones Indices announced that the artificial intelligence (AI) chip giant will replace fellow chipmaker Intel (NASDAQ: INTC) in the Dow Jones Industrial Average (DJINDICES: ^DJI),

Intel will be replaced by Nvidia in the Dow Jones industrial average after a 25 year run, signaling a shift in the semiconductor industry.

The Dow Jones Industrial Average held most of its midday gains in the afternoon session Wednesday as an inflation report showed price gains were in line with estimates. Meanwhile, a company backed by artificial intelligence giant Nvidia took a dive in the stock market today.