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

Summary: 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 spiked this afternoon after reportedly receiving a takeover bid from Swiss miner Glencore . It not clear whether deal talks have advanced beyond initial discussions. Nokia shares surged after settling an intellectual dispute with Apple , while simultaneously signing a multi-year patent license agreement. The deal sees Nokia provide infrastructure products to the iPhone maker. Take-Two Interactive 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.