Dow Jones Industrial Average Rallies 70 Points On Intel; Netflix Inc (NFLX) Stock Price Soars 13% In After-Hours Trading

U.S. stocks closed sharply higher Wednesday, after a more than 2 percent gain from the energy sector led the S&P 500 higher for the second straight session. Shares of Netflix Inc. (NASDAQ:NFLX) soared more than 13 percent in after-hours trading to an all-time high of $537.18 after the movie streaming service reported quarterly earnings that missed forecasts, but subscriptions topped Wall Street expectations.