Wall Street ends higher; S&P 500 closes above 1400

Dow Jones Industrial Average was up 0.39% or 51.09 points at 13168.6. Nasdaq Composite was up 0.87% or 25.95 points at 3015.86. Standard & Poor's 500 was up 0.51% or 7.12 points at 1401.35.

In earnings action from the US, Walt Disney reported quarterly earnings that beat Wall Street's expectations as revenue at its parks and resorts grew, but revenue still came up short of analysts' forecasts. Net income rose 24% to 1.83 billion dollars from 1.48 billion dollars last year.

In economic data, consumer credit posted its weakest growth in eight months in June, only growing by 6.46 billion dollars versus an expected gain of 11 billion dollars.

In key data to watch out for in US today, non farm business productivity is expected to rise by 1.3% in the second quarter. Also watch out for the energy information administration or the EIA provides weekly report on petroleum inventories.

In the currency space, the euro takes a pause post a 2-day advance; currently above 1.23 to the dollar. The dollar index little unchanged at 82.

In commodities, crude prices jump to a 12-week peak as falling North Sea output and tensions in West Asia lifted prices.