Market Extra: Dow, S&P 500 set for worst May tumble in nearly 50 years amid U.S.-China trade clash

The intensifying Sino-American trade squabble is making for uniquely bad May trading for U.S. stocks, which continue to tumble after the S&P 500 suffered its worst week of 2019.

Stocks tumbled Monday, leaving the S&P 500 index SPX, -2.41% off 4.6% in the month to date, and the Dow Jones Industrial Average DJIA, -2.38% down 4.8%, with both on track for their worst start to the month through May 13 since 1970, according to Dow Jones Market Data. The Nasdaq Composite Index COMP, -3.41% off 5.5%, was set for its sharpest early May drop since 2000.

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