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,

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.