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Midday Movers: IBM, NFLX & More

Take a look at some of Wednesday's midday movers:

Dow Jones Industrial Average gained, on track to post its ninth-straight day of gains. Dow components IBM and United Technologies traded at historic highs.

Netflix traded higher after the video streaming service introduced new social features including integration with Facebook.

Valero Energy, CVR Energy and Hollyfrontier were downgraded at Macquarie Capital on concerns about the refiners meeting U.S. renewable fuel standards. "Life is good as an investor in refining stocks, until it stinks," wrote Macquarie's Chi Chow. All three stocks were lower.

Abercrombie & Fitch traded higher following comments from its CFO Jonathan Ramsden. At an industry conference, Dow Jones quoted the CFO as saying that the teen retailer will look to cut back on discounts and will use customer information to be more "personalized" and streamlined with deals.

EBay traded lower after a study by the e-commerce giant questioned the value of paid search ads.

Cliff Natural Resources fell to a new 3-1/2 year low. The stock ha tumbled nearly 40 percent in 2013.

Two sectors continued to power higher: airlines and defense.

The NYSE Arca Airline index is traded at its highest level since April 2007. US Airways, Alaska Air, Southwest Airlines all traded at 52-week highs.

In the defense sector, Boeing hit a fresh 52-week high and Honeywell International also hit its historic high.

—By CNBC's Lori Spechler

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.