DOW

Dow 12,089.96 -61.30 -0.50%

By: JeeYeon Park
CNBC News Associate

Stocks closed lower for the fourth-consecutive trading session Monday, led by weakness in banks and energy, as investors turned cautious over a slowdown in the recovery.

The Dow Jones Industrial Average fell 61.30 points, or 0.5 percent, to finish at 12,089.96, led by JPMorgan [JPM 40.53 -1.04 (-2.5%) ] and Bank of America [BAC 10.83 -0.45 (-3.99%) ], after tumbling almost 100 points on Friday to finish lower for the fifth-consecutive week. If stocks finish lower again this week, it will be the longest losing-streak since 2002.

The S&P 500 slipped 13.99 points, or 1.08 percent, to end at 1,286.17, breaking through the 1,295 support level earlier in the session. Some experts believe 1,227 is the next support level for the S&P.

The tech-heavy Nasdaq declined 30.22 points, or 1.11 percent, to close at 2,702.56.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose to trade above 18.