Wall Street falls as banks set stock offerings

Stocks fell at the open on Monday as several major banks announced large common stock offerings to repay government bailout funds and investors took profits following a strong run.

Bernanke to speak on financial system after market close

The Dow Jones industrial average (.DJI) dropped 91.28 points, or 1.06 percent, to 8,483.37. The Standard & Poor's 500 Index (.SPX) fell 13.77 points, or 1.48 percent, to 915.46. The Nasdaq Composite Index (.IXIC) lost 23.37 points, or 1.34 percent, to 1,715.63.