What to watch today: Wall Street looks higher despite Netflix’s stock plunge

What to watch today: Wall Street looks higher despite Netflix’s stock plunge

BY THE NUMBERS rose Wednesday despite Netflix (NFLX) plunging 27% in the premarket, the morning after reporting a quarterly subscriber loss for the first time in more than a decade. The , with , , and all set for sharply lower opens. (CNBC) Dow stock (IBM) rose 2.5% in the premarket after reporting late Tuesday that quarterly earnings and revenue beat estimates. In regular trading Tuesday, the Dow, S&P 500 and Nasdaq all broke two-session losing streaks even as the 10-year Treasury yield . The benchmark yield retreated from that level Wednesday. (CNBC) Mortgage demand as home loan rates climbed to their highest levels since 2010. Total application volume fell 5% week over week, and it fell nearly 50% from year-ago levels. Refinance demand fell another 8% from the prior week, and it was 68% lower year over year. Purchase applications fell 3% for the week, and they were 14% lower than a year ago. (CNBC) IN THE NEWS TODAY on Tuesday during the first quarter, after previously saying it expected to add 2.5 million. While Q1 earnings beat, revenue of $7.87 billion missed. Looking ahead, the company forecast a global paid subscriber loss of 2 million for the second