Stocks fell on Monday as bank stocks added to losses and Bank of America dropped below $5 for the first time in nearly three years as investors worried about the outlook for the global economy.

The Dow Jones industrial average <.DJI> dropped 102.02 points, or 0.86 percent, to 11,764.37. The Standard & Poor's 500 Index <.SPX> dropped 13.95 points, or 1.14 percent, to 1,205.71. The Nasdaq Composite Index <.IXIC> fell 30.29 points, or 1.19 percent, to 2,525.04.

(Reporting by Edward Krudy; Editing by Kenneth Barry)