Stocks were mixed on Wednesday, with the Dow Jones Industrial Average extending advances from the previous session while the S&P 500 Index and Nasdaq Composite underperforming as Netflix (NFLX  ) shares fell lower after the company posted an unexpected decline in quarterly subscribers.

Shares of Netflix plunged over 35% on Wednesday after the company lost 200,000 subscribers in the first quarter and forecasted a loss of two million subscribers in the second quarter. Other streaming stocks like Disney (DIS  ) and Roku (ROKU  ) were also lower on the day.

Here's how the market settled on Wednesday:

S&P 500 Index (SPY  ): -0.06% or -2.75 points to 4,459.46

Dow Jones Industrial Average (DIA  ): +0.71% or +249.59 points to 35,160.79

Nasdaq Composite Index (QQQ  ): -1.22% or -166.59 points to 13,453.07

U.S. existing home sales fell in March:

Sales of previously owned homes in the United States fell for a second straight month in March as housing market activity begins to cool down as home prices remain high and interest rates rise.

U.S. existing home sales fell by 2.7% in March to a seasonally adjusted annualized rate of 5.77 million, according to the National Association of Realtors' report published Wednesday. February's existing home sales were downwardly revised to 5.93 million.

The median price for an existing home in March jumped 15% over last year to reach $375,300.

Mortgage applications decline for sixth straight week:

U.S. mortgage applications fell for a sixth consecutive week as rising interest rates keep many would-be refinancers and new buyers from entering the housing market.

The Mortgage Bankers Association's weekly increase showed mortgage loan application volume fell 5% week-on-week during the period ended April 15, following a 1.3% decline for the previous week.

Refinances were also down by 8% from the prior week and slid 68% versus the comparable week last year. Meanwhile, purchases were down 3% from a week earlier. On a seasonally unadjusted basis, purchases were also down by 14% over last year.

"The recent surge in mortgage rates has shut most borrowers out of rate/term refinances, causing the refinance index to fall for the sixth consecutive week," Joel Kan, MBA associate vice president for economic and industry forecasting, said in a press statement. "In a housing market facing affordability challenges and low inventory, higher rates are causing a pullback or delay in home purchase demand as well. Home purchase activity has been volatile in recent weeks and has yet to see the typical pick up for this time of the year."

Here's how benchmarks started trading after market open:

S&P 500 Index (SPY  ): +0.54% or +24.30 points to 4,486.51

Dow Jones Industrial Average (DIA  ): +0.77% or +269.29 points to 35,180.49

Nasdaq Composite Index (QQQ  ): +0.29% or +39.37 points to 13,658.39