Dow Jones sheds 3.57% on Wednesday in worst loss since June 2020
Updated: 2022-05-19 11:20:20 KST
U.S. stocks lost ground on Wednesday amid rampant fears of a recession.
In fact the Dow Jones Industrial Average saw its worst performance in almost two years FALLING OVER 1,164 points or 3.5 percent.
The S&P 500 also plunged 4-percent trading at 3,923 points.
The Nasdaq meanwhile dropped 4.7 percent its second worst decline this year.
Major U.S. retailer Target saw shares tumble about 25 percent largely due to higher fuel and freight costs.
Shares in its rival Walmart also retreated on Tuesday and Wednesday.