Dow closes 300 points higher to snap a 2-day drop, small caps jump more than 2%; European markets close higher as traders monitor earnings; Heineken shares up 5% 
U.S. stocks rose on Wednesday to recover from two straight days of losses as investors piled into shares most sensitive to the economic recovery. 
The Dow Jones Industrial Average gained 316.01 points, or 0.9%, to 34,137.31. The S&P 500 climbed 0.9% to 4,173.42, while the tech-heavy Nasdaq Composite advanced 1.2% to 13,950.22. The small-cap Russell 2000 rallied 2.4%, bringing its 2021 gains to more than 13%. 
Netflix shares plunged over 7% after the streaming giant reported subscriber additions that fell far short of Wall Street estimates as the demand surge from the pandemic started to fade. The company also said it only expects to add about 1 million subscribers in the current quarter, well below estimates. 

The pan-European Stoxx 600 index ended the session up 0.7% after a choppy trading session. Retail stocks jumped 1.8% to lead gains with most sectors and major bourses in positive territory. 
Heineken shares climbed almost 5% after its trading update pointed to better-than-expected beer volumes for the first quarter. 
French luxury group Kering, Swedish telecoms firm Ericsson and Dutch chipmaker ASML all climbed around 4% after beating first-quarter profit expectations. French retailer Carrefour rose 5% after announcing a share buyback following strong first-quarter earnings. 
Source: CNBC