Stocks gave up all gains by market close as weaker economic data pressured and worries over Greece’s future lingered. Oil notched a new closing high for the year, rebounding closer to a $57 level and ending its sixth straight session of gains. The commodity reversed earlier losses after OPEC said demand for its own crude was expected to increase this year. Netflix (NFLX) led the after beating analysts’ quarterly estimates and reporting strong growth of its subscriber base. Philip Morris (PM) cruised past earnings estimates in the quarter and raised guidance on stable demand. Disney (DIS) got a small boost after releasing the latest trailer for ‘Star Wars’.
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