The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but gains on other indexes were limited as plans by big banks to repay government bailout funds raised concerns whether the move would help the economy recover. Shares of Texas Instruments Inc jumped 6.4 percent to $21.03 after it raised its quarterly earnings and revenue targets, signalling improving demand in the chip market.
The PHLX semiconductor index climbed 4.5 percent. The Dow Jones industrial average gained 14.74 points, or 0.17 percent, to 8,779.23. The Standard & Poor's 500 Index gained 4.59 points, or 0.49 percent, to 943.73. The Nasdaq Composite Index gained 20.25 points, or 1.10 percent, to 1,862.65. Boeing shares fell 1.8 percent to $51.89, while United Technologies shares fell 1.3 percent to $55.76 as the top drags on the Dow. Shares of conglomerate GE were unchanged.