The Street reports:
Stocks tumbled on Thursday, Dec. 20, with the Dow diving almost 500 points as concerns grew that the U.S. government would partially shut down over the Christmas holiday season because President Donald Trump won’t sign a stopgap spending bill.
Speaker of the House, Paul Ryan (R-Wis.), said Thursday that Trump wouldn’t be signing the spending bill after House Republicans met with him at the White House because the bill doesn’t include funding for the border wall.
Two benchmark U.S. stock indexes are careening toward a historically bad December. Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression.