US retail stocks tumble amid rising recession fears

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

The S&P 500 was on track to confirm bear market territory .N

Retail giant Walmart WMT.N down 2.7%, big-box retailer Target TGT.N falls 4.4% and e-commerce giant Amazon.com AMZN.O drops 3.3%

Electronics retailer Best Buy BBY.N dips 1.8%

Home improvement chains Lowe's LOW.N and Home Depot HD.N down between 4% and 5%

Macy's M.N falls 6% and Kohl's drops KSS.N 8.8%

Shares of apparel makers Abercrombie & Fitch ANF.N, American Eagle Outfitters AEO.N and Gap GAP.N down between 8% and 9%

Jeans maker Levi Strauss LEVI.N drops 6.6%, ahead of earnings after markets close

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