Stocks Rebound Wednesday, Ending Two-Day Skid

(New York, NY) — Investors are putting money back into the markets today as all three major indexes are closing higher. The rally ends a two-day losing streak. Stocks tied to economic reopening are seeing the biggest pops Wednesday, as the economic recovery continues to be shown in quarter one financial reports. At the close, the Dow Jones Industrial Average jumped 316 points to 34-137. The S&P 500 popped 38 points to 41-73 and the Nasdaq was up 163 points to 13-950.

Netflix took a tumble Wednesday after the company reported a large miss on expected new subscriptions. The streaming giant saw its shares fall about seven and a half percent after their reported new subscribers came in about a third lower than experts predicted. Company leadership also said during their earnings call that they are only forecasting about a million new subscribers for the current quarter, well below initial estimates.