S&P 500 at risk of first correction in 2 years as Russia-Ukraine conflict escalates. Here's what history says happens next to U.S. stock-market benchmark

The S&P 500 on Tuesday was on the verge of falling into a correction for the first time in two years, joining the Nasdaq Composite, as Russia sent troops into pro-Russian regions in Ukraine.

The S&P 500 index SPX was down 1.6% at 4,279.76, well below the correction level at 4,316.91, which would represent a 10% drop from its Jan. 3 record close. A correction is commonly defined by market technicians as a fall of at least 10% from a recent peak. Read: What war in Ukraine would mean for markets as Putin orders Russian troops to separatist regions

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