Dow drops to snap four-day winning streak, Nasdaq falls more than 1%; European markets close lower amid doubts over latest Russian pledges on Ukraine 
U.S. stocks slid on Wednesday, ending a winning streak for the market, as investors monitored developments in Ukraine and the bond market. 
The S&P 500 fell 0.63% to 4,602.45, and Nasdaq Composite lost 1.21% to 14,442.27. The Dow Jones Industrial Average dropped 65.38 points, or 0.19%, to 35,228.81. The Dow and S&P 500 each snapped a four-day stretch of gains. 
Crude prices, which have soared since the war in Ukraine began, climbed more than 3% to top $107 per barrel on Wednesday. Germany warned of potential rationing of natural gas due to disputes with Russia, and U.S. crude stockpiles fell. 
The energy market swings appeared to drive action in equities on Wednesday. Oil stocks moved higher, with Valero rising roughly 4% and Phillips 66 gaining about 4.8%. 
Several retail stocks were under pressure on Wednesday after disappointing quarterly reports, including Five Below losing 6.5% and Chewy sliding 16%. RH fell 13% after the company’s fourth-quarter revenue came in short of expectations. On the positive side, apparel stock Lululemon jumped more than 9% after issuing upbeat guidance and announcing a share buyback program. 

The pan-European Stoxx 600 provisionally closed down by 0.7%, with retail stocks shedding 2.7% to lead losses, while oil and gas stocks gained 3%. 
At the top of the Stoxx 600, Italy’s Telecom Italia surged more than 7% amid speculation over a takeover bid for its enterprise services unit. 
Source: CNBC, Investing.com