Stock Market Today: Stocks Slip Further as Sanctions Mount

The U.S. and U.K. announced additional sanctions as the Russia-Ukraine crisis continued to ramp up, sending the major indexes further into the red Wednesday.

A sign advertising the Nord Stream 2 gas pipeline between Russia and Germany
(Image credit: Getty Images)

The S&P 500 dipped deeper into correction territory Wednesday amid additional fallout of Russia's attacks on Ukraine.

A U.S. official told NBC News that Russia has "nearly 100 percent of all the forces we anticipated [Russian President Vladimir Putin] would need" to launch a full-scale invasion of Ukraine, which has declared a state of emergency and called up its military reserves.

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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.