Oil Settles at Three-Month Low

FOXBusiness

The markets snapped a four-day winning streak Wednesday afternoon as all the major indices closed in the red. Markets fell to session lows as news of violence in Greece broke, but recovered heading into the close. The Dow closed lower by nearly 3.5 points, with the S&P falling just 1.5 points Wednesday.

U.S. oil settled at a three-month low. Oil fell 3.07% Wednesday to settle at $51.41 per barrel.

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We had two major companies, including one Dow component, reporting second-quarter earnings after the bell. First up was Netflix, which beat on earnings per share and came in line with revenue estimates. Netflix added 3.3 million new streaming members in the second quarter.

Shares of the video streaming company were trading higher by 10% after hours.

Also reporting Wednesday was Intel. The semiconductor giant beat on both the top and bottom lines. Shares of Intel traded higher after the market close by 6%, even with the company reporting it sees 2015 revenue falling by 1%.

On the world stage, a drama filled with violence. Late in the day, riots broke out in Greece as Parliament members mulled whether to vote for or against the austerity plan that will keep them in the European Union. The Greece ETF jumped 10% Wednesday, signaling investors were positive the vote would pass.

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