Stocks are holding off their lows of the day during Monday's late morning trading, but they remain well below the unchanged line.

Computer hardware and gold stocks are leading the decline, with the Amex Computer Hardware Index and the Amex Gold Bugs Index down 5.9 percent and 5.3 percent, respectively.

Meanwhile, health insurance and airline stocks are some of the only gainers on the day. The Morgan Stanley Healthcare Payor Index is up 3.6 percent, while the Amex Airline Index is up 3.2 percent.

Currently, the Dow is down 91.28 at 7,926.31, the Nasdaq is down 32.08 at 1,589.79, and the S&P 500 is down 12.23 at 830.27.

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