Stocks open higher ahead of Biden’s inauguration; Netflix shares soar



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Shares opened higher on Wednesday, ahead of President-elect Joe Biden’s inauguration at noon, as investors remained optimistic about the prospects for a series of aggressive budget spending to help the economy recover from the COVID-pandemic. 19. The Dow Jones Industrial Average DJIA,
+ 0.60%
up 100 points, or 0.3%, to 310,031, while the S&P 500 SPX,
+ 1.04%
gained around 0.6% to trade at 3822. The Nasdaq Composite COMP,
+ 1.70%
hit an intraday high and remained up 1% to 13,333. Shares of Netflix Inc. NFLX,
+ 13.86%
jumped more than 12% after the video streaming giant announced a surge in fourth-quarter subscriber numbers on Tuesday night.

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