U.S. blue-chip stocks climbed again on Wednesday, extending their winning streak to a fourth straight session and sending the Dow Jones index to record territory. The move underscored renewed investor appetite for old-economy leaders outside the red-hot AI trade.

The Dow jumped 0.9% to 48,350 points, topping its late-October highs. Financial heavyweights Goldman Sachs Group Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), and American Express Co. (NYSE:AXP) each set fresh records, helping the index outperform as tech-focused peers.

Sector-wise, health care stocks also continued to outperform, with Eli Lilly (NYSE:LLY) on pace for its tenth gain in eleven sessions.

On the policy front, Treasury Secretary Scott Bessent said the administration will unveil "substantial announcements" on tariffs in the coming days, while Atlanta Fed President Raphael Bostic announced plans to retire when his term expires in February 2026.

Advanced Micro Devices (NASDAQ:AMD) was the day’s standout performer, surging over 8% after projecting faster-than-expected ...