Stock market closes at a record | Biden sworn in | Netflix jumps 17%

The stock market rallied to a record close as President Joe Biden was sworn into office, sparking hopes for another stimulus package and smoother vaccine rollout ahead. A slew of strong quarterly results also boosted sentiment, including from Netflix which soared 16.9%.

VIEW IN BROWSER | SUBSCRIBE WED, JAN 20, 2021 EVENING BRIEF AS OF WED, JAN 20, 2021 • 04:30 ET DJIA 31188.38 +0.83% +257.86 S&P 500 3851.85 +1.39% +52.94 NASDAQ 13457.25 +1.97% +260.07   Most Active DOW NAME LAST CHG %CHG AAPL 132.03 +4.20 +3.29% MSFT 224.34 +7.90 +3.65% INTC 58.67 +0.68 +1.17% S&P 500 NAME LAST CHG %CHG F 10.86 +0.84 +8.38% AAPL 132.03 +4.20 +3.29% GE 11.39 -0.04 -0.35% NASDAQ NAME LAST CHG %CHG AAPL 132.03 +4.20 +3.29% MSFT 224.34 +7.90 +3.65% AMD 88.75 -0.70 -0.78%   EDITOR'S NOTE The S&P 500 climbed to a record high Wednesday as President Joe Biden was sworn into office.   Investors remained hopeful that the 78-year-old Democrat's $1.9 trillion Covid-19 relief plan will support the economic recovery and bolster earnings growth. Meanwhile, Biden's sweeping plan to combat the pandemic is expected to speed up the vaccine rollout and ensure a smooth reopening.   "I think we're all beleaguered. I think an orderly transfer of power, coupled with a well-defined plan to give us vaccines as they roll out, will make it so this market can go up tremendously," CNBC's Jim Cramer said Wednesday on "Squawk Box." "Everything else, I'm not saying it's irrelevant but you can't get this economy open until we've figured out how to get the vaccines from Pfizer and Moderna into our arms."   A slew of strong corporate earnings also boosted sentiment on Wall Street. Netflix soared more than 16% after the company reported solid subscriber growth and said it's considering share buybacks. The streaming giant also said it expects to break even on a cash flow basis this year.   Morgan Stanley reported earnings and revenue that topped estimates on strong trading and wealth management results. Procter & Gamble raised its fiscal 2021 forecast and said revenue last quarter jumped on higher pandemic demand for cleaning products. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  Stocks rally to a record as Biden sworn in as president, Netflix soars Joe Biden is sworn in as president: 'Democracy has prevailed' Inauguration live updates: President Biden arrives at the White House to begin work on his agenda Biden to rejoin Paris climate agreement, revoke Trump 'Muslim ban' in first executive orders Biden's agenda could send growth, stocks and interest rates higher The Fed under Biden: New mandates, a close White House tie and big challenges ahead Jim Cramer says the stock market could 'explode' if Biden improves Covid vaccine rollout Jim Chanos is no longer short Tesla, but he's still betting against the stock China sanctions Pompeo, O'Brien, Azar and other Trump administration officials after Biden inauguration Netflix shares see their biggest jump in four years   TOP VIDEO Full interview with Lee Cooperman on Trump's legacy, expectations for Biden   CNBC PRO Ark Invest's Cathie Wood sees explosive earnings growth adding momentum to market in 2021   SPECIAL REPORTS Experts say some stock investors could be at risk of getting burned. How to make sure you're not one of them Meet 22-year-old Amanda Gorman, the youngest inaugural poet in U.S. history   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS