Stocks extended losses in late trading on Thursday after news Germany rejected some draft measures for the euro zone crisis.

The Dow Jones industrial average <.DJI> was down 151.48 points, or 1.24 percent, at 12,044.89. The Standard & Poor's 500 Index <.SPX> was down 22.14 points, or 1.76 percent, at 1,238.87. The Nasdaq Composite Index <.IXIC> was down 39.36 points, or 1.49 percent, at 2,609.85.

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)