Urgent: U.S. stocks extend losses as rate hike fears grow

U.S. stocks declined for the third straight session on Monday, as Friday's strong jobs report triggered market concerns that the possibility for the Federal Reserve to raise interest rates this year becomes higher.

The Dow fell nearly 0.5 percent, and the S&P 500 lost 0.7 percent, while the Nasdaq dropped 0.9 percent. Endite