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Closing Bell: Bunge Spikes on Glencore Deal Talks; S&P 500 Positive for Day Four

The S&P 500 stretches its gains into day four, its longest streak since mid-February.

The S&P 500 stretched its gains into day four, its longest streak since mid-February. Stocks rose after the Trump White House released a budget proposal heavy on cuts to social programs.U.S. agribusiness company Bunge (BG)  spiked this afternoon after reportedly receiving a takeover bid from Swiss miner Glencore (GLNCY) . It's not clear whether deal talks have advanced beyond initial discussions. Nokia (NOK) shares surged after settling an intellectual dispute with Apple (AAPL) , while simultaneously signing a multi-year patent license agreement. The deal sees Nokia provide infrastructure products to the iPhone maker. Take-Two Interactive (TTWO) jumped after far exceeding profit estimates. The earnings win overshadowed disappointing news that the release of its widely anticipated Red Dead Redemption 2 would be delayed until spring 2018.

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