Closing Bell: Disney Boosts Park Security; Crude Pressures Stocks

Crude oil pulled lower again, pushing the energy sector and broader markets into the red on Thursday. The commodity closed at its lowest level since February 2009 on renewed concerns over a supply glut. Disney (DIS) has ramped up security at its theme parks by installing metal detectors at its California and Florida locations. The company also banned toy guns at the parks and will no longer allow guests over the age of 14 to wear costumes. Pandora (P) spiked after a favorable ruling on royalty rates. The new rates for streaming services such as Pandora climbed to 17 cents per 100 plays from a current 14 cents. That was far less than analysts had expected.