The historic addition of artificial intelligence (AI) colossus Nvidia may spell trouble for Wall Street's most iconic index.

U.S. stocks were higher after the close on Friday, as gains in the Consumer Goods, Utilities and Financials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.63% to hit a new all time high,

Dow Jones tapped 44,000 for the first time ever on Friday. Equities are extending a near-term bullish push to wrap up the trading week. UoM sentiment survey results came in much better than expected.

When the Dow Jones was officially incepted on May 26, 1896, it was comprised of a dozen companies, most of which were tied to the industrial sector. Today, it contains an assortment of 30 historically profitable, time-tested, industry-leading businesses.

Reviewed by Charles Potters Fact checked by Vikki Velasquez The Dow Jones Industrial Average (DJIA) is one of the most closely followed stock market indexes in the world. Although the Dow, as it's commonly known,