The markets remain near their lows of the day entering Monday's afternoon trading.

Semiconductor and electronic storage stocks are leading the decline, with the Philadelphia Semiconductor Index down 3.9 percent and the Amex Disk Drive Index down 3.6 percent.

Meanwhile, gold and banking stocks continue to show some of the only substantial gains on the day. The Amex Gold Bugs Index is up 3.8 percent and the Kbw Bank Index is up 1.6 percent.

Currently, the Dow is down 97.25 at 7,986.13, the Nasdaq is down 19.20 at 1,633.34, and the S&P 500 is down 8.09 at 848.47.

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