According to Charlie Bilello, 23 of the 30 Dow Jones Industrial Average components finished 2025 higher, led by Caterpillar with a +60% gain (source: Charlie Bilello, Jan 2, 2026). He also reported that Intel, which was removed from the Dow in 2024, rose +84% in 2025, outperforming its replacement Nvidia at +39% by a wide margin (source: Charlie Bilello, Jan 2, 2026).