Market Wall Street drops 1 percent as health stocks weigh; Nasdaq erases 2018 gains Updated : December 17, 2018 10:52 PM IST The latest slide erased the Nasdaq's slim gains for the year, with the US markets experiencing their worst December performance in over 80 years. The Dow Industrials ended on Friday 10 percent below its record closing high to join the S&P 500 and Nasdaq in what is known as correction territory. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.