Stocks are lingering firmly in negative territory during late morning trading on Monday.

Electronic storage and oil services stocks are leading the decline, with the Amex Disk Drive Index down 3.1 percent and the Philadelphia Oil Services Index down 2.7 percent.

At the other end of the spectrum, gold and banking stocks are leading the climbing stocks. The Amex Gold Bugs Index is up 3.5 percent and the Kbw Bank Index is up 3.4 percent.

Currently, the Dow is down 86.10 at 7,997.28, the Nasdaq is down 12.60 at 1,639.94, and the S&P 500 is down 5.08 at 851.48.

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