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S&P 500, Nasdaq rise more than 1 pct late

NEW YORK (Reuters) - The S&P 500 and Nasdaq rose more than 1 percent in late trading in Tuesday, staging a comeback rally as volatile Spanish bond yields came off earlier highs.

The Dow Jones industrial average <.DJI> was up 157.77 points, or 1.27 percent, at 12,569.00. The Standard & Poor's 500 Index <.SPX> was up 14.59 points, or 1.11 percent, at 1,323.52. The Nasdaq Composite Index <.IXIC> was up 31.83 points, or 1.13 percent, at 2,841.56.

(Reporting By Caroline Valetkevitch; Editing by Leslie Adler)

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