Stocks Down Sharply, Led by Banks; Vix Soars By: CNBC.com News July 11, 2011 at 12:07 PM EDT Stocks declined more than 1 percent across the board Monday as investors worried over the U.S. budget and euro zone debt. Read More >> Related Stocks: Alcoa Amazon.com Arcelor Mittal Barclays Plc ADR Caterpillar Chevron Corp Comcast Corp ConocoPhillips Deutsche Bank Ag ING Groep N.V. ADR JPMorgan Chase & Co KLA-Tencor Corp McDonald's Corp Whole Foods Market