Netflix Surge Sends Stock Markets to Records; Alibaba Climbs on Ma's Return

The stock market continued to build momentum on Wednesday, sending several stock market benchmarks to levels that would represent all-time closing highs. Many market participants' eyes were on Washington, where the pandemic-subdued Inauguration Day event is scheduled for midday. The stock market has gotten a lot of support from smaller companies lately, but on Wednesday, Netflix (NASDAQ: NFLX) took the spotlight with its reading on how the streaming-video giant fared to end 2020.