Dow Jones rallies 250 points amidst Netflix-inspired tech sell-off

NEW YORK, New York - Technology stocks dived on Wednesday after Netflix near collapsed on its third-quarter earnings results which showed it lost 200,000 subscribers in the quarter. Netflix shares lost more than a third of their value, shaving off more than $50 billion of its capitalization.

The Standard and Poor's 500, where Netflix is listed, lost 2.76 points or 0.06 percent to close Wednesday at 4,459.45.