Dow Hits New High as Tech Stocks Surge on Strong Earnings Reports

The Dow Jones Industrial Average closed at 53,061.95 on Wednesday, gaining 295.07 points or 0.56%.

This comes as technology stocks are experiencing a resurgence due to strong earnings reports from companies such as Nvidia, which saw its shares jump about 6% in premarket trading after reporting revenue growth of 70% for fiscal 2028.

The Dow's technical trend remains bullish as long as it stays above its major moving-average support levels, with resistance near 54,887 and support around 51,430.