PHP CURL on MAC - Hangs when curl_exec for localhost:1055 - php

Question

I have been trying to call my website on localhost:1055 and my curl_exec call hangs. When I invoke external URL, it is working fine and I am getting a response. I have tried to turn off my firewalls, I have gone through all articles on stack overflow, but I don't seem to get an answer to this problem. I have seen one post where someone had similar issue but there was no resolution for that. Can anyone help?
I am on OS X Al Capitan version 10.11.6 (15G1004) with PHP 5.6 and I am using internal web server of PHPstorm running on port 1055. This is my code:
<?php
function __singleRequestSending($data, $options = array()) {
// array of curl handles
$ch = curl_init();
// data to be returned
curl_setopt($ch, CURLOPT_URL, $data["url"]);
//curl_setopt($ch, CURLOPT_PORT, 1055);
curl_setopt($ch, CURLOPT_POST, 1);
curl_setopt($ch, CURLOPT_POSTFIELDS, urldecode($data["data"]));
curl_setopt($ch, CURLOPT_SSL_VERIFYPEER, false);
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
curl_setopt($ch, CURLOPT_SSL_VERIFYPEER, false);
//execute post
$result = curl_exec($ch);
//close connection
curl_close($ch);
return $result;
}
$data = array(
'url' => "http://localhost:1055/info.php",
'data' => "abc"
);
$res = __singleRequestSending($data);
echo 123;
echo "<pre>";
var_dump($res);
print_r($res);
exit;
?>