The Dow Jones Industrial Average (DJIA) is churning chart paper on Monday, paddling around 38,750.00 as investors look for a reason to recover footing after last Friday’s Nonfarm Payrolls (NFP) rout that saw broad-market rate cut hopes wither on the vine.

However, in the case of Nvidia's upcoming split, there's an added reason investors have become even more bullish. Some investors believe that Nvidia could replace Intel (NASDAQ: INTC) in the Dow Jones Industrial Average (DJINDICES: ^DJI), fully establishing it as a blue chip tech stock.

U.S. equities were higher at the close on Wednesday, as gains in the Technology, Industrials and Basic Materials sectors propelled shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.

The Dow Jones Industrial Average (DJIA) tried to shrug off a forecast-thumping Nonfarm Payrolls (NFP) print on Friday, climbing into a brief 0.2% gain through the US market session before slumping back into a -0.2% decline, shedding nearly 90 points on Friday.