Target’s stock was down more than 20% in afternoon trading, compared with a 0.6% decline for the S&P 500 index, according to FactSet data, at last check. The S&P 500’s consumer-staples sector was slumping 0.4% on Wednesday afternoon.

Traders and investors watched Wall Street's major averages finish Monday on a mixed note where the tech-heavy Nasdaq and benchmark S&P 500 posted gains, all while the blue-chip Dow slipped. The latest market moves came off the back of last week's decline,

Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week.