(Reuters) - U.S. stocks slid on Monday, with the Nasdaq falling 2 percent, after ratings agency Standard & Poor's cut its long-term outlook on the United States and another step by China to stem growth reignited worries about the global economy.

The Dow Jones industrial average .DJI dropped 229.70 points, or 1.86 percent, to 12,112.13. The Standard & Poor's 500 Index .SPX dropped 22.15 points, or 1.68 percent, to 1,297.53. The Nasdaq Composite Index.IXIC dropped 54.50 points, or 1.97 percent, to 2,710.15.

(Editing by Kenneth Barry)

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