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.