NEW YORK, May 23 (Xinhua) -- U.S stocks rose on Tuesday, posting 4-day wining streak, as Wall Street kept an eye on President Trump's first full budget plan.
The Dow Jones Industrial Average was up 43.08 points, or 0.21 percent, to 20,937.91. The S&P 500 rose 4.40 points, or 0.18 percent, to 2,398.42. The Nasdaq Composite Index gained 5.09 points, or 0.08 percent, to 6,138.71.
Traders focused on the White House's budget plan for next year, with a proposed 3.6 trillion U.S. dollars in federal spending cut over the next 10 years.
Media reported the budget also assumes the administration will be able to lower taxes for businesses and households.
U.S. stocks have posted solid gains and refreshed record highs since the presidential election partly because of the potential of lower taxes.
On the economic front, U.S. sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, missing market expectations, said the U.S. Commerce Department Tuesday.
This is 11.4 percent below the revised March rate of 642,000, but is 0.5 percent above the April 2016 estimate of 566,000.
Meanwhile, investors looked ahead to the release of the minutes from the Federal Reserve's meeting in May and tried to find hints on the next move of the central bank.
The Fed policymakers are slated to meet next month. Market expectations for a June rate hike were 78.5 percent, according to the CME Group's FedWatch tool Tuesday.
