NEW YORK — The Dow Jones Industrial Average advanced modestly on Tuesday, trading around 51,153 amid continued investor enthusiasm for artificial intelligence-driven gains even as geopolitical uncertainties from U.S.-Iran tensions lingered in the background.

The blue-chip index, which closed at 51,078.88 on Monday — up 46 points or 0.09% — hit fresh intraday highs near 51,161 earlier in the session, underscoring Wall Street's resilience as it extends a streak of record closes into June.

Gains were supported by strength in technology components, including Salesforce, IBM and Nvidia, which have powered much of the recent rally despite mixed performance across other sectors.

AI Momentum Drives Record Territory

The Dow's push above 51,000 reflects broader market confidence in the transformative potential of AI infrastructure. Nvidia shares rose sharply Monday after the company unveiled a new super-efficient PC chip, boosting sentiment across the index.

Technology giants continue to dominate, with the index benefiting from heavyweights like Microsoft, Apple and IBM. The S&P 500 and Nasdaq also notched records on Monday, closing at 7,599.96 and 27,086.81 respectively.

Analysts attribute the sustained rally to robust corporate earnings, particularly from firms exposed to AI spending by hyperscalers.........

© International Business Times