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Dow gains 1 percent as Wall Street turns defensive

    NEW YORK (Reuters) - The Dow extended gains on Monday, up 1 percent by afternoon trade, buoyed by big consumer staples stocks as Wall Street turned defensive.

    The Dow Jones industrial average <.DJI> was up 131.96 points, or 1.01 percent, at 12,981.55. The Standard & Poor's 500 Index <.SPX> was up 4.26 points, or 0.31 percent, at 1,374.52. The Nasdaq Composite Index <.IXIC> was down 16.36 points, or 0.54 percent, at 2,994.97.

    (Reporting By Angela Moon; Editing by Jan Paschal)

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