November Rally=December Momentum?, The Zoom Surge Takes A Detour, And COVID-19: Powell, Mnuchin, Stimulus And Vaccines

Squawk on the Street

On the first trading day of December, Carl Quintanilla, Jim Cramer and David Faber explored what's next for stocks after November's rally, which marked the Dow's best month since 1987 and the

best monthly performance for the S&P 500 and Nasdaq since April of this year. The anchors also previewed what to expect from Fed Chair Powell and Treasury Secretary Mnuchin ahead of their testimony

at a Senate Banking Committee hearing on pandemic relief aid. Also in focus: Moderna and Pfizer-BioNTech applying for their respective COVID-19 vaccines to be approved in the EU, plus

Zoom Media shares tumbling despite better-than-expected results and guidance -- though the stock remains up more than 500% year-to-date.