Since the stock market bottomed in April, the venerable Dow Jones Industrial Average has risen 22%.

That's rather a nice gain. But the Dow hasn't seen a new high since December. Unlike the Standard & Poor's 500 Index, the Nasdaq Composite and the Nasdaq-100 Index which seem to hit new highs daily just now, including Wednesday.

Don't miss the move: Subscribe to TheStreet's free daily newsletter

It looks like new highs are in reach for the blue-chip index. The 30-stock average closed up more than 400 points Wednesday and was less than a percentage point below its Dec. 4 closing high of 45,014.

But pushing the Dow 464 points higher to Wednesday was not the tech stocks in the average, which include Nvidia ( NVDA ) , Microsoft ( MSFT ) and Apple ( AAPL ) .

Related: Stock

See Full Page