NEW YORK (CNNMoney.com) -- Stocks rallied Monday as investors welcomed President-elect Barack Obama's plan to create jobs and revive the economy, and reports that government help for the automakers is on the way.
The Dow Jones industrial average (INDU) jumped 298 points, or 3.5%. During the session, the Dow gained as much as 391 points and topped 9,000 for the first time in a month. The Dow has risen in nine of the last 11 sessions. The Standard & Poor's 500 (SPX) index added 3.8% and the Nasdaq composite (COMP) gained 4.1%. ""We're in a very unsettled period where people's opinions swing between hope and fear on very little news,"" said Ken Kam, portfolio manager of the Masters 100 (MOFQX) Fund. ""Right now we are seeing the impact of the hope that maybe the worst is over.""
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