Wall Street led lower as banks extend losses

US stocks extended losses on Monday, with all three major indexes falling more than 1%.

The Dow Jones Industrial Average was down 125.79 points, or 0.99%, at 12,534.67. The Standard & Poor's 500 Index was down 15.20 points, or 1.15%, at 1,301.13. The Nasdaq Composite Index was down 32.14 points, or 1.14%, at 2,784.41.