The Dow Jones Industrial Average closed above 44000 for the first time on record Monday. The index added around 304 points, or 0.69%, to 44293.13. The climb from 43000—hit 20 trading days ago—was led by Goldman Sachs,

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.

For Nvidia (NVDA) , this has been the best of years. The company, led by Jensen Huang, makes the graphic processing chips that are the foundation of artificial intelligence, and everyone wants a piece of the company.

The S&P 500 financial index rallied, with banks helping lift the Dow to its highest ever. Read more at straitstimes.com.

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.