Stock Market Today: Russia-Ukraine Escalation Knocks S&P Into Correction

The S&P 500 officially is off by more than 10% from its January highs as Russian troops enter Ukraine and world leaders respond with sanctions.

Investors sliding down red arrow
(Image credit: Getty Images)

Any feelings of relaxation from the long holiday weekend were snuffed out Monday, as the worsening Ukraine-Russia conflict sent the S&P 500 into correction territory for the first time since 2020.

Over the weekend, Russian President Vladimir Putin ordered troops to enter areas of eastern Ukraine – a move that President Joe Biden dubbed an "invasion" and was met with international sanctions.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.