US retail stocks tumble amid rising recession fears

Shares of major U.S. retailers fall in premarket trading amid fears of a recession following U.S. President Donald Trump's sweeping tariffs announced last week

Futures tied to the S&P 500 fell further on Monday and were down more than 20% from their all-time highs, putting the benchmark on course to confirm a bear market .N

Retail giant Walmart WMT.N down 3%, big-box retailer Target TGT.N falls 3.5% and e-commerce giant Amazon.com AMZN.O drop 4.2%

Discount store Dollar Tree DLTR.O shares fall 1.5% and electronics retailer Best Buy BBY.N drops 3.2%

Home improvement chains Home Depot HD.N and Lowe's LOW.N down between 2.4% and 3.5%

Macy's M.N falls 7.7% and Kohl's drops KSS.N 6.7%

Up to last close, S&P 500 Consumer Discretionary Distribution & Retail Index .SPXRT had fallen over 16% YTD