Dow jumps more than 120 points on better-than-expected earnings, hits new all-time high; European markets close higher amid mixed global market sentiment 
The Dow Jones Industrial Average jumped to a record on Wednesday as investor sentiment was boosted by better-than-expected earnings reports and a new record for bitcoin. 
The Dow gained 138 points, or 0.4%, to about 35,595, touching an all-time high of 35,669 earlier in the session. While it surpassed its high from August on an intraday basis, the 30-stock average would need to close above 35,625.40 to reach a new record close. 
The S&P 500 added 0.3% and was just less than 0.2% from its own record. The Nasdaq Composite retreated 0.05%. 
Netflix posted its hotly-anticipated third-quarter earnings report on Tuesday after the market closed, with the streaming giant adding 4.4 million subscribers during the period. Wall Street analysts expected 3.84 million additions, according to estimates from StreetAccount. However, the shares, which are up 20% in the last three months, were down more than 1%. 
Deutsche Bank downgraded Netflix after the report, saying its stock valuation was hard to justify with revenue growth set to slow next year. The firm also said strong fourth quarter subscriber additions are already baked into the stock. 
United Airlines also posted quarterly results after the bell on Tuesday, with the company beating analyst expectations on the top and bottom line amid an ongoing rebound in travel demand. United shares retreated slightly Wednesday. 
Ford shares were up 4% after Credit Suisse upgraded the auto company on its EV shift and predicted a 30% rally in the stock. PayPal lost more than 5% on a report that it could buy the social media company Pinterest. Pinterest shares soared more than 11%. 

The pan-European Stoxx 600 provisionally ended 0.35% higher, with most sectors and major bourses in positive territory. Food and beverage stocks gained 1.9% to lead gains, while travel and leisure stocks slipped more than 1%.
At the top of the Stoxx 600, Swedish power products manufacturer Husqvarna jumped more than 8% after beating third-quarter profit expectations. 
Nestle shares climbed 2.6% after the Swiss food giant raised its full-year growth outlook following strong third-quarter sales growth. 
Source: CNBC, Investing.com