Stocks stumbled Monday on concerns economic expansion will erode amid troubles in the mortgage industry.

The Dow fell 57.15 to 13,314.57, the S&P 500 dropped 8.72 to 1,472.42 and the Nasdaq gave back 23.83 to 2,637.13.

Boston Fed President Eric Rosengren said he was concerned home foreclosures might worsen as overall economic growth slows. San Francisco Fed President Janet Yellen labeled growth in the final three months of the year as being "only very meager" and warned that housing problems could "spill over" into consumer spending.

Oil prices, down much of the day, rebounded slightly from last week's decline, as crude rose 60 cents to $89.31 a barrel.

Investors are awaiting Friday's release of the latest employment report, which could indicate the strength of consumer spending.