Dow falls more than 400 points as oil rises to nearly $115; European stocks close lower as Ukraine war, inflation weigh; Stoxx 600 down 1% 
U.S. stocks eased Wednesday as oil prices rose, renewing inflation fears. The Dow Jones Industrial Average dropped 448.96 points, or 1.3%, to 34,358.50. The S&P 500 declined 1.2% to 4,456.24. The Nasdaq Composite dipped 1.3% to 13,922.60. Oil prices ticked higher on the day, with U.S. benchmark WTI crude gaining around 5% to nearly $115 per barrel. International oil benchmark Brent crude advanced more than 5% to top $121 per barrel. 
General Mills added nearly 2.5% after the food maker reported better-than-expected quarterly earnings Wednesday and raised its full-year outlook. 
On the downside, Adobe shares fell 9.3% after the company forecasted lower-than-expected profit and revenue in its fiscal second quarter.

 
The pan-European Stoxx 600 provisionally closed down by 1%, with almost all sectors and major bourses in negative territory. Utilities stocks fell 2.5% to lead losses while oil and gas stocks bucked the downward trend to add 2%. 
In terms of individual share price movement, Dutch insurer Aegon climbed 2.6% after announcing that the sales of its businesses in Poland, Romania and Turkey are expected to be completed in 2022, while its Hungarian arm will be sold to Vienna Insurance Group. 
Source: CNBC, Investing.com