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Dow, S&P off 1 percent after confidence data


    NEW YORK (Reuters) - Stocks extended losses on Tuesday, with the Dow industrials and the S&P 500 down more than 1 percent after data showed consumer confidence fell in June following a sharp increase in May.

    Consumer spending amounts to about two-thirds of the U.S. economy.

    The Dow Jones industrial average dropped 91.67 points, or 1.07 percent, to 8,437.71. The Standard & Poor's 500 Index fell 10.65 points, or 1.15 percent, to 916.58. The Nasdaq Composite Index lost 14.11 points, or 0.77 percent, to 1,829.95.

    (Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)