Stocks rally a second day | Musk’s comments boost ethereum | JPMorgan’s Dimon gets special bonus

U.S. stock indexes extended their rally to close higher on Wednesday, erasing losses from Monday's sell-off.

VIEW IN BROWSER | SUBSCRIBE WED, JUL 21, 2021 EVENING BRIEF AS OF WED, JUL 21, 2021 • 05:08 ET DJIA 34798.00 +0.83% +286.01 S&P 500 4358.69 +0.82% +35.63 NASDAQ 14631.95 +0.92% +133.08   Most Active DOW NAME LAST CHG %CHG AAPL 145.40 -0.75 -0.51% VZ 55.95 +0.37 +0.67% MSFT 281.40 +2.08 +0.74% S&P 500 NAME LAST CHG %CHG CCL 23.19 +2.00 +9.44% AAPL 145.40 -0.75 -0.51% GE 13.08 +0.38 +2.99% NASDAQ NAME LAST CHG %CHG AAPL 145.40 -0.75 -0.51% NVDA 194.10 +7.98 +4.29% MRNA 321.11 +13.78 +4.48%   EDITOR'S NOTE U.S. stock indexes extended their rally to close higher on Wednesday, erasing losses from Monday's sell-off. The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798.00 — less than 1% away from a record. The S&P 500 gained 0.82% to 4,358.69. The Nasdaq Composite climbed 0.92% to 14,631.95.   "U.S. equities are continuing to rebound Wednesday on the back of a solid batch of corporate earnings," Goldman Sachs' Chris Hussey said in a note.    The market barely bat an eye at last week's stellar second-quarter earnings reports, but investors appeared to reward companies with strong quarterly results this week.   Dow members Coca-Cola and Verizon both posted better-than-expected quarterly financial results before the bell Wednesday, sending their shares about 1.3% and 0.7% higher, respectively. Chipotle's stock also soared 11.5% after the restaurant chain's second-quarter earnings report Tuesday topped Wall Street estimates. Meanwhile, Netflix shares fell about 3.3% after the streaming giant reported disappointing earnings and third-quarter subscriber guidance.   Other market movers Wednesday include stocks tied to the economic recovery that were hardest hit in Monday's sell-off. American Airlines gained roughly 4.1% and Norwegian Cruise Line jumped 10.1%.   "Q2 results from corporate America and comments from consumer companies today/this week are also hammering home the 'back-to-normal' trade," Hussey said. Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ TOP NEWS  Stocks rally for a second day, Dow jumps more than 200 points to recoup Monday's losses Covid case flare-ups typically haven't kept the stock market down for long Cramer says Netflix's earnings were 'not good enough.' Here's what he would do with the stock Ethereum price rises after Elon Musk confirms he owns the cryptocurrency JPMorgan gives Jamie Dimon a special stock option bonus to keep him as CEO for several more years Bitcoin extends gains, climbing as cryptocurrencies rebound from sell-off Big 3 U.S. drug distributors, Johnson & Johnson reach landmark $26 billion opioid settlement A key stat hidden in Verizon's report could spell good news for Apple Coca-Cola quarterly revenue tops 2019 levels; company raises full-year forecast McCarthy threatens to pull GOP members from House Jan. 6 committee after Pelosi rejects Trump allies Jordan and Banks   TOP VIDEO Markets are heading for an unavoidable risk-off episode, Knapp says   CNBC PRO The rising cost of natural gas is boosting these stocks   SPECIAL REPORTS Colleges and unvaccinated students are set for a standoff this fall Britney Spears conservatorship case prompts bill in Congress   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS