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The US stock market sank from record heights Thursday as Wall Street sifted through mixed developments on everything from the US-China trade war to profits for Big Tech behemoths. The S&P 500 fell 68.25 points, or 1%, to 6,822.34 and edged…

Chipotle's CEO admitted that younger and lower-income consumers are pulling back, but the company won't offer discounts.

CEO Scott Boatwright warned the chain is struggling to hold onto its customers amid "persistent macroeconomic pressures.”

At least five Wall Street analysts have cut their price targets for Chipotle shares after the chain's third-quarter earnings report.

Chipotle stock slides after Q3 earnings miss and analyst downgrades. KeyBanc, BTIG, TD Cowen and Stephens lowered price targets.

Chipotle shares fell sharply in pre-market trading after Q3 results showed rising costs and a lowered full-year outlook.

Chipotle's CEO, Scott Boatwright, said younger customers are patronizing Chipotle less often and opting for food at home.

Major stock indexes traded mixed on Wednesday, with the Dow Jones Industrial Average slipping nearly 0.2% to 47,632 and the S&P 500 holding steady at 6,890.59.

A rough stretch over the past few days has erased nearly all of the chain’s gains made in October.