NEW YORK (AP) — A late afternoon rally is pushing the stock market higher for only the second day this month. Major indexes had spent most of Monday lower as investors worried that Greece could be edging closer to a default.
The yield on the 10-year Treasury note reached another record low as investors piled into U.S. government debt.
The Dow Jones industrial average rose 69 points, or 0.6 percent, to close at 11,061. It had been down as many as 167 points.
The S&P 500 index rose 8, or 0.7 percent, to 1,162. It had dropped as many as 18 points. The Nasdaq rose 27 points, or 1.1 percent, to 2,495.
Falling stocks edged out rising ones on the New York Stock Exchange. Trading volume was average at 4.4 billion shares.