S&P 500 rises to new heights | Fed’s new stock ownership rules | Cramer on Tesla’s ‘perfect’ quarter

The S&P 500 ticked up to a new record on Thursday after oscillating near the flat line.

VIEW IN BROWSER | SUBSCRIBE THU, OCT 21, 2021 EVENING BRIEF AS OF THU, OCT 21, 2021 • 05:15 ET DJIA 35603.08 -0.02% -6.26 S&P 500 4549.78 +0.30% +13.59 NASDAQ 15215.70 +0.62% +94.02   Most Active DOW NAME LAST CHG %CHG AAPL 149.48 +0.22 +0.15% INTC 56.00 +0.63 +1.14% IBM 128.33 -13.57 -9.56% S&P 500 NAME LAST CHG %CHG F 16.55 +0.51 +3.18% AAPL 149.48 +0.22 +0.15% T 25.76 -0.15 -0.58% NASDAQ NAME LAST CHG %CHG AAPL 149.48 +0.22 +0.15% PYPL 243.21 -15.15 -5.86% INTC 56.00 +0.63 +1.14%   EDITOR'S NOTE The S&P 500 spent most of Thursday's trading session near the flat line, but it ticked up to an all-time high of 4,551.44 in the afternoon. The broad-market index also hit a record at the close: 4,549.78. The Dow Jones Industrial Average inched down, and the Nasdaq Composite ended the day higher.   Strong earnings from the likes of Tesla and Crocs helped propel those names, while declining jobless claims — 290,000 last week versus Dow Jones' estimate of 300,000 — were another positive sign for investors.   Liz Young, head of investment strategy at SoFi, said an end-of-year rally is possible but may require that earnings come in solidly and positively across the board.   "We're in this precipice of handing the baton from policy back to company fundamentals," she told CNBC's "Squawk Box" Thursday.   "That's going to be a little bit bumpy but it's like watching a baby try to walk. If we hold it up the whole time we're going to delay its progress, so you have to let the market fall down and know it's not going to get hurt, and have it find its own balance," she said. WeWork finally made its trading debut through a special purpose acquisition company two years after its failed attempt at an IPO. The shares soared 13.4%.   The price of bitcoin declined after notching an all-time high on Wednesday, a pullback that many expected after the launch of the bitcoin futures ETF. Tanaya Macheel | Markets and Investing Reporter @tanayamac Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500 rises to record close, posts 7th straight day of gains on better-than-expected earnings Fed to ban policymakers from owning individual stocks, restrict trading following controversy Shares of Trump-linked SPAC close up 350% following news of social media deal CDC says these are the most common side effects people report after getting Moderna, J&J boosters What's driving the run in bitcoin and whether it can continue, according to JPMorgan Jobless claims fall again as enhanced pandemic benefits fade away Cramer calls Tesla's quarterly results 'perfect,' sees stock going to $1,000 WeWork jumps more than 13% in public markets debut after SPAC merger Biden's support is fading as concerns over the economy and Covid grow, CNBC survey finds Supreme Court told it should reconsider Roe v. Wade if it takes up Texas abortion law challenge   TOP VIDEO 'Most companies will beat earnings,' Rockland Trust portfolio manager says   CNBC PRO These retailers are most and least protected against supply chain issues, Bank of America says   SPECIAL REPORTS Expanded child tax credit may last for 1 more year instead of 5 as Democrats cut economic plan What to expect as Education Department gets ready to resume student loan payments   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