By Barani Krishnan
U.S. stocks skidded on Monday, extending losses from across Europe as fears over out-of-control government debt on both sides of the Atlantic hit financial markets.
Commodities also slumped as worries about a global recession and rising stockpiles of some raw materials pulled crude oil, gold and grains prices lower.
Shares on Wall Street hit a one-month low, with the S&P 500 index .SPX down nearly 2 percent as it closed below the 1,200-point level for the first time since October.
