S&P 500 Snaps Losing Streak With Tax Hikes, Inflation Data on Horizon

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, N.Y., on July 19, 2021. Andrew Kelly/Reuters

NEW YORK—The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.

The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.