Wall Street 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.
White House advisor Larry Kudlow said tax rebates and direct mail checks are on the table in the next coronavirus relief bill.
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 11:39 a.m. ET, the Dow Jones Industrial Average was up 238.16 points, or 0.92%, at 26,263.12, the S&P 500 was up 31.06 points, or 1.00%, at 3,148.92. The Nasdaq Composite was up 126.22 points, or 1.26%, at 10,182.70.
Source : Reuters