NEW YORK: Wall Street's three major indexes rose on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology shares powered the Nasdaq to another record high.

The Nasdaq hit a fifth record high this month with Apple Inc providing the biggest boost after at least three brokerages raised their price targets, a day after the iPhone maker said it would use its own chips for Mac computers.

At 12:40 p.m. ET, the Dow Jones Industrial Average was up 229.28 points, or 0.88%, at 26,254.24, the S&P 500 was up 29.26 points, or 0.94%, at 3,147.12. The Nasdaq Composite was up 137.03 points, or 1.36%, at 10,193.50.