S&P 500 Confirms Correction; Ukraine-Russia Crisis Keeps Investors on Edge

S&P 500 Confirms Correction; Ukraine-Russia Crisis Keeps Investors on Edge
A trader works on the floor of the New York Stock Exchange (NYSE) in New York on Feb. 18, 2022. Brendan McDermid/Reuters
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NEW YORK—Wall Street’s main indexes fell on Tuesday, with the S&P 500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.

The S&P 500 ended down more than 10 percent from its Jan. 3 closing record high. A correction is confirmed when an index closes 10 percent or more below its record closing level.