Stock market news live updates: Stocks fall to end 4-day winning streak

Stock market news live updates: Stocks fall to end 4-day winning streak

U.S. stocks fell after rallying earlier this week, as investors eyed developments on discussions between Russia and Ukraine and mulled mixed data on the U.S. economy.

The S&P 500 declined. The blue-chip index ended a four-day winning streak as technology shares led declines, pulling the Nasdaq Composite down by1.2%. The CBOE Volatility Index, or VIX, rose back above 20 after reaching its lowest level in more than two months on Tuesday.

U.S. crude oil prices rose for the first time in three sessions Wednesday after dipping earlier this week amid signs of progress in Russia-Ukraine talks. Russia said it was easing military action in Ukraine's capital Kyiv and northern city Chernihiv and was prepared to set a meeting between Russian President Vladimir Putin and Ukraine's President Volodymyr Zelenskyy following a draft peace agreement. However, as of Wednesday, some media reports suggested strikes were still taking place near both major cities in Ukraine.