Wall Street led lower as banks extend losses

Stocks extended losses on Monday, with all three major indexes falling more than 1 percent.

The Dow Jones industrial average <.DJI> was down 125.79 points, or 0.99 percent, at 12,534.67. The Standard & Poor's 500 Index <.SPX> was down 15.20 points, or 1.15 percent, at 1,301.13. The Nasdaq Composite Index <.IXIC> was down 32.14 points, or 1.14 percent, at 2,784.41.

(Reporting By Angela Moon)