The worst day for the stock market this year has rained down even more havoc on beat up retail stocks.
Shares of the SPDR S&P Retail ETF (XRT) - Get Report dived 1.89% to $40.92 in trading Wednesday as investors feared a looming stock market correction would impact consumer spending, and by extension retail. Year to date the SPDR S&P Retail ETF has dropped 6.7%, lagging the S&P 500's 5.7% gain, as retailers ranging from department store Sears Holdings Corp. (SHLD) to discounter Target (TGT) - Get Reportstruggle with the shift to online shopping.
The Dow Jones Industrial Averagefinished the session down 372 points to 20,606.93.
To be sure, the last thing the retail sector needs are even fewer shoppers wandering to physical stores.
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