Updated from 4:43 p.m. EDTStocks in New York rose Tuesday as the banks turned around following remarks from Treasury Secretary Tim Geithner, who indicated that most have sufficient capital to weather the financial downturn. The Dow Jones Industrial Average rose 127.83 points, or 1.6%, to 7969.56, while the S&P 500 added 17.69 points, or 2.1%, to 850.08. The Nasdaq climbed 35.64 points, or 2.2%, to 1643.85. Internet company Yahoo! ( YHOO) reported an expected dip in earnings and revenue after the close, and said it would cut 5% more of its workforce in its ongoing restructuring to deal with a decline in online ad spending. Shares rose 5.3% in the regular session and were recently rising about 1.4%. The banks were at the forefront of gains on the Dow, with Bank of America ( BAC) adding 9.2%, Citigroup ( C) tacking on 10.2% and JP Morgan Chase ( JPM) rising 9.6%.