Dow closes at a record | 'Roaring Kitty' speaks | Cathie Wood buying more Tesla

The Dow Jones Industrial Average rose in volatile trading on Wednesday to hit another record close, boosted by a jump in Verizon and Chevron shares.

VIEW IN BROWSER | SUBSCRIBE WED, FEB 17, 2021 EVENING BRIEF AS OF WED, FEB 17, 2021 • 04:45 ET DJIA 31613.02 +0.29% +90.27 S&P 500 3931.33 -0.03% -1.26 NASDAQ 13965.50 -0.58% -82.00   Most Active DOW NAME LAST CHG %CHG AAPL 130.84 -2.35 -1.76% VZ 56.99 +2.84 +5.24% MSFT 244.20 +1.06 +0.44% S&P 500 NAME LAST CHG %CHG AAPL 130.84 -2.35 -1.76% WFC 36.59 +1.80 +5.17% CCL 23.20 +0.73 +3.25% NASDAQ NAME LAST CHG %CHG AAPL 130.84 -2.35 -1.76% AMD 89.94 -1.52 -1.66% TSLA 798.15 +1.93 +0.24%   EDITOR'S NOTE The major indexes were a mixed bag on Wednesday as the S&P 500 spent most of the day being close to flat, while the tech-heavy Nasdaq Composite slid 0.6%. The Dow Jones Industrial Average picked up 90 points at the close, to post a record.   The real excitement today was in the institutional investor scene. Ark Invest's Cathie Wood told CNBC's Bob Pisani on Wednesday that she was snapping up more shares of Tesla.   "Our confidence in Tesla has grown as we've done research on what ride-sharing potentially could add," she said. "It could limit the risks significantly, it's a much more profitable business than electric vehicles."   Following her comments, Tesla shares posted an intraday rebound and ended the day higher. Bitcoin also generated some excitement, hopping to new heights. The cryptocurrency cracked the $52,000 level this afternoon.  Rick Rieder, BlackRock's chief investment officer of global fixed income, told CNBC on Wednesday that the world's largest asset manager has "started to dabble a bit into it."   Tesla, BNY Mellon and Mastercard are among the companies that have begun to embrace bitcoin, bolstering its legitimacy.   Thursday is looking busier, as the GameStop drama continues to play out – this time in a Congressional hearing. The Reddit trading star known as "Roaring Kitty," along with Robinhood CEO Vlad Tenev and other players, will testify before the U.S. House Committee on Financial Services. Darla Mercado | CNBC Markets and Investing Editor @Darla_Mercado TOP NEWS  Dow rises to another record led by Verizon and Chevron, but tech weakness weighs on S&P 500 How the Texas power grid failed and what could stop it from happening again Biden Covid czar says J&J doesn't have a large inventory of vaccine doses 'Roaring Kitty' Keith Gill defends GameStop posts, says he is as bullish as ever on the stock Bitcoin smashes through $52,000 to hit a new all-time high Cathie Wood says her confidence is growing in Tesla, Ark Invest has been adding to position North Korean hackers charged in massive cryptocurrency theft scheme Facebook will ban Australian users from sharing or viewing news Stanley Druckenmiller bets on Disney and cybersecurity, dumps Netflix. Here are his latest moves BlackRock's Rick Rieder says the world's largest asset manager has 'started to dabble' in bitcoin   TOP VIDEO Ark's Cathie Wood: Space tech costs are 'all coming down dramatically'   CNBC PRO Citi sees 10% market pullback, gives stocks that can buck the trend   SPECIAL REPORTS Tax season has started. Many still wonder where their $600 stimulus check is 'I will not make that happen': Biden says he will not support $50K in student debt forgiveness   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS