Stocks extended losses on Tuesday after data showed inventories at wholesalers dropped in June, and downgrades on banks prompted investors to sell stocks.

The Dow Jones industrial average <.DJI> fell 85.17 points, or 0.91 percent, to 9,252.78. The Standard & Poor's 500 Index <.SPX> lost 9.49 points, or 0.94 percent, to 997.61. The Nasdaq Composite Index <.IXIC> gave up 21.08 points, or 1.06 percent, at 1,971.16.

(Reporting by Leah Schnurr)