Nasdaq Surge, Airlines Rally, Vaccine Effectiveness Against New Variants, One Year Later

The “Squawk on the Street” team discusses the big swing higher for stocks. Big moves for the tech-heavy Nasdaq, as giants Apple, Amazon, Microsoft, Netflix and Alphabet all gain at lease 2%. Tesla popping, after falling for 5 straight sessions and losing 21% over that span. And the airlines extending their rally in hopes of a big post-pandemic rebound. The “Squawk on the Street” team speaks with a top Cowen analyst about the road ahead for the airlines, travel and more. Tanger Outlets hammered after Goldman Sachs downgraded the stock to sell from neutral. More positive news on the vaccine front. The Pfizer – BioNTech vaccine appears to be highly effective against a more contagious variant of the virus first discovered in Brazil. Plus, a close look at bank stocks which have rallied big since their pandemic low back in March of Last Year.