Stocks extended losses on Tuesday, with the Nasdaq briefly falling 1 percent, on European concerns after comments from Germany's Angela Merkel and Moody's said it would review France's credit rating.

The Dow Jones industrial average <.DJI> dropped 60.66 points, or 0.53 percent, to 11,336.34. The Standard & Poor's 500 Index <.SPX><.INX> lost 3.46 points, or 0.29 percent, to 1,197.40. The Nasdaq Composite Index <.IXIC> fell 13.86 points, or 0.53 percent, to 2,601.06.

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)