A late buying drive pushes stocks higher on Wall Street

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed higher on Wall Street Tuesday, getting February off to a decent start after a miserable January. The S&P 500 added 0.7%, as did the Nasdaq composite. The Dow Jones Industrial Average rose 0.8%. Nearly all of the gains came in the last hour after the market spent most of the day waffling between gains and losses. Strength in energy companies and banks helped outweigh weakness in other parts of the markets. UPS surged after the package delivery service reported far better results than analysts were expecting. The yield on the 10-year Treasury note rose to 1.80%.