Stocks are headed for the best week of 2024, with the S&P 500 on track for a 4% gain, while the Nasdaq 100 is up more than 5%.

U.S. stocks closed higher Friday, with all three major benchmarks finishing the week at fresh all-time peaks in the wake of Donald Trump's victory in the presidential election. The S&P 500 rose 22.44 points Friday,

Wall Street in terms of market value, but in the eyes of the 128-year-old Dow Jones Industrial Average, its stock is ranked well below average. The semiconductor maker and leader of the artificial-intelligence boom officially became a member of the venerable index DJIA at 9:30 a.

Among the Dow’s newest members, it was paint, not chips, aiding the index today. The Dow Jones Industrial Average finally replaced Intel with Nvidia, but the AI chip titan was actually hurting the blue-chip index in its debut performance.