Bank stocks outpaced the broader rally Monday fueled by the improved prospects for an auto bailout and President-elect Barack Obama's plan to rev up infrastructure spending.

The KBW Bank Index rose 5.52%. The Dow Jones industrial average rose 3.46%, topped 9,000 at one point in late-day trading for the first time since Nov. 10. The Standard & Poor's 500 rose 3.84%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.