Dhaka, Bangladesh (BBN)– The US shares extended losses on Monday, led by financial and energy shares as political turmoil clouded Ireland’s bailout deal.

The Dow Jones industrial average dropped 127.26 points to 11,076.29. The Standard & Poor’s 500 Index also shed 12.44 points on the same day to reach 1,187.29, a weekly review report said.

The stocks dropped more than one percent on Tuesday as rising tensions on the Korean peninsula added to Euro-zone debt worries. U.S. stocks rallied on Wednesday as US stock investors put aside worries about swirling global problems, turning to improvement in the labor market and signs consumers are ready to open their wallets ahead of the biggest shopping day of the year.

The S&P 500 closed in on 1,200 for the fourth time in five sessions. The benchmark seemed to be in a tight range between 1,175 and 1,200, without strong catalysts to break the trend in either direction.

BBN/SI/AD-27Nov10-4:10 pm (BST)