Wall Street ends sharply lower as Target and growth stocks sink

All of the 11 S&P 500 sector indexes declined, with consumer discretionary . and consumer staples leading the way lower, both down more than 6%.

New YORK: Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.

It was the worst one-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.