Retail disappointments, energy decline hit Wall Street; Dow falls 513 pts


US stocks extended their recent selloff on Tuesday, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl's sank after weak earnings and forecasts. Target Corp shares slumped 9.5 per cent after third-quarter profit missed analysts' estimates.

The company's investments in its online business, higher wages and price cuts hurt margins. Department store operator Kohl's Corp shed 7.8 per cent after its full-year profit forecast fell below expectations. Warnings.....

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