Netflix Dazzles on Big Nasdaq Up Day; Stern Hopes for Sirius XM

The Nasdaq Composite (NASDAQINDEX: ^IXIC) bounced back on Wednesday, clawing its way back from its abrupt losses late in the previous session. A more ameliorative tone from the White House and signs of progress on the coronavirus front gave investors some confidence that they didn't have this time yesterday. By the end of the day, the composite index was up around 2%.

Prominent stocks saw bigger gains. Among the best-known advancers were Netflix (NASDAQ: NFLX) and Sirius XM (NASDAQ: SIRI), which are both taking steps to try to lock in more subscribers and give the public the entertainment it wants.

Shares of Netflix picked up almost 6% on Wednesday. The video streaming company has had huge success in pandemic-plagued 2020, and stock analysts are starting to take note.

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Source Fool.com