US stocks extend gains, Dow Jones jumps back above 34,000

US stock indices closed higher on Wednesday, and extended gains amid anticipation of the quarterly business results for the first quarter.

Netflix revealed yesterday its quarterly business results, and reported higher-than-expected profits and revenues, but the number of new subscribers was less than expected during the three months ending on March 31.

This comes amid anticipation of the results of major companies, led by Apple, Microsoft, Tesla, Facebook, Amazon and Alphabet.

To the oil market, To the oil market, WTI crude May futures fell 2.1% or $1.32, and closed at $61.35 a barrel, after hitting a high of $62.5 and a low of $60.8.

Brent June futures fell 1.9% or $1.25, and closed at $65.32 a barrel, after hitting a high of $66.5 and a low of $64.9.

As for stocks, Dow Jones rose 0.9% or 316 points, and closed at 34,137, with a day high of 34,160, and a low of 33,773.

Nasdaq rose 1.2% or 164 points to 13,950, with a high of 13,951 and a low of 13,706 points.

S&P 500 rose 0.9% or 38 points to 4,173, after hitting a high of 4,175 and a low of 4,126.