Wall Street sets record as Netflix jumps, Biden inaugurated

By Echo Wang (Reuters) – U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of “stay-at-home” beneficiaries. Shares of the world’s largest streaming service Netflix surged after it said it would no longer need to borrow billions of dollars to finance its TV shows and movies. The rest of the FAANG group all jumped with earnings results due in the coming weeks. The NYSE FANG+TM index went up as well. “It’s a tech outperformance day which is pretty rare over the past two or three months a…

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