Dec 17, 2018 - Economy & Business

Wall Street on pace for worst December in over 80 years

Traders work on the floor of the New York Stock Exchange on December 17, 2018

Photo by Spencer Platt/Getty Images

U.S. stocks took a beating on on Monday: The Dow Jones Industrial Average closed 507 points lower, while the S&P 500 and the Nasdaq both dropped more than 2%.

Why it matters: The Dow and S&P, both down nearly 7% this month, are on pace for their worst December performance since the Great Depression, per CNBC.

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