New Delhi, March 14 -- US stock market ended sharply lower on Thursday, with the benchmark S&P 500 confirming it is in a correction, amid fears for inflation and recession in the world's largest economy due to the escalating tariff war.

All three major US stock indexes closed lower, as broad selloff in tech and tech-related megacap shares dragged the Nasdaq nearly 2%.

The Dow Jones Industrial Average fell 537.36 points, or 1.30%, to 40,813.57, the S&P 500 lost 77.78 points, or 1.39%, to 5,521.52 and the Nasdaq Composite lost 345.44 points, or 1.96%, to 17,303.01.

Among the 11 major sectors in the S&P 500, all but utilities ended in negative territory, with communication services and consumer discretionary falling the most.

Intel share...