Stocks extended losses on Monday with the Nasdaq briefly falling 1 percent as investors booked profits from a recent rally that took the market to a four-year closing high.

The Dow Jones industrial average <.DJI> was down 89.01 points, or 0.69 percent, at 12,893.94. The Standard & Poor's 500 Index <.SPX> was down 9.86 points, or 0.72 percent, at 1,355.88. The Nasdaq Composite Index <.IXIC> was down 27.87 points, or 0.94 percent, at 2,935.88.

(Reporting By Angela Moon; Editing by Padraic Cassidy)