Dow rises 300 points, but Nasdaq falls after big Netflix disappointment; European stocks close higher as traders monitor earnings, Ukraine war 
It was a divided market on Wednesday as traders evaluated a rush of first-quarter results. The Dow Jones Industrial Average rose on the back of strong earnings from Procter & Gamble, while the Nasdaq Composite was dragged down by an epic plunge in shares of one-time darling Netflix. 
The 30-stock Dow was up 335 points, or 0.9%, and the S&P 500 was 0.2% higher. The tech-heavy Nasdaq Composite fell 0.8%, but was still on pace for a weekly gain. 
Netflix fell more than 35% after its quarterly results showed a loss of 200,000 subscribers in the first quarter, its first reported subscriber loss in more than 10 years. That was its biggest decline since 2004, and the streaming company is now the worst performing stock in the S&P 500 this year, down 63.1%. The company’s quarterly results were followed by a wave of downgrades by 10 Wall Street analysts, who also cited its weak financial guidance. 
On the flipside, Procter & Gamble gained more than 2% and helped lift the Dow after reporting better-than-expected results and hiking its full-year revenue guidance. IBM, another Dow component, rose more than 6% following a beat on earnings and revenue. 

The pan-European Stoxx 600 index closed 0.8% higher with tech shares leading the gains as most sectors entered positive territory. 
Wednesday was a busy day on the earnings front, with a slew of firms reporting quarterly results. Danone, ASML and Heineken all climbed more than 5% after topping sales expectations. 
Meanwhile, Credit Suisse shares were down 1.5% after the Swiss bank said it expects a loss in reported first-quarter earnings after increasing legal provisions. 
Source: CNBC, Investing.com