U.S. stocks close higher as Bullard backs 75 basis point hike in September

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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.

This article was originally published by Marketwatch.com. Read the original article here.

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