Disney extends CEO Chapek's contract three years

U.S. stocks closed modestly higher on Thursday as investors digested more economic data and commentary from senior Federal Reserve officials. The S&P 500
SPX,
+0.23%

gained 9.70 points, or 0.2%, to 4,283.74. The Nasdaq Composite
COMP,
+0.21%

is up 27.22 points, or 0.2%, to 12,965.34. The Dow advanced 27.22 points, or 0.2%, to 12,965.34. In terms of news, jobless claims data showed a modest decline in the number of Americans applying for benefits, while St. Louis Fed President James Bullard said Thursday he is leaning toward supporting a 0.75 percentage point rate hike at the Fed’s September meeting.

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