Standard & Poor's index rises after five days of losses

The Standard & Poor's 500 Index rose today, ending a five-day losing streak, with anticipation of possible tax increases on companies and upcoming economic data, and the Dow Jones Industrial Average rose while the Nasdaq Composite Index declined. Investors are focused on the potential approval of US President Joe Biden's $3.5 trillion budget package, which is expected to include a proposed increase in the corporate tax rate to 26.5% from 21%.

The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34869.63 points, and the Standard & Poor's 500 Index rose 10.15 points, or 0.23%, to 4,468.73 points, while the Nasdaq Composite Index declined 9.91 points, or 0.07%, to 15,105.58 points.