The Dow is higher but the NASDAQ is falling hard and your session lows as Netflix weighs on tech.

The most important hour of trading starts now.

Welcome everyone to Closing Bell, I'm Sarah Eason. Here's where we stand right now in the market.

Dow remains higher, it's up half a percent thanks

in part to some earnings winners like IBM and Procter and Gamble. S&B 500

though lower by two-tenth that's masking some strength in groups like

real estate, consumer staples, health care

utilities, slightly defensive, but the financials are up, so are industrial's materials and

energy. What is not technology, communication services, thanks to Netflix.

That's the chart of the day.

It is shedding tens of billions of dollars in market cap right now,

down 37 percent, about 50 billion dollars of market cap loss right there after posting a

surprise subscriber loss much more on that in just a moment coming up on today's

show the CEOs of those two Dow components that are driving the Dow

higher right now we'll hear from IBM Chief Arvin

Krishna as that stock sits at the top of the Dow after strong performance in its

cloud business. Stop jumping more than 7%. And later the CEO of P&G also getting a lift today on earnings on the impact on inflation

and their ability to keep raising prices.

Let's start with the biggest decliner though on the F&P today and that would be Netflix of course down 37%

stock is plunging after the company reported a shocking subscriber loss

its first in more than 10 years when a reported quarterly results last night

Mike Santoli is back and he's taking a closer look at Netflix,

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