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Stocks Staying In The Red During Early Afternoon Dealings

Wall Street remains stuck in negative territory during early afternoon trading on Monday. Traders are continuing to consider disappointing quarterly results from Walgreen's (WAG) and Toyota (TM) slashing its 2009 fiscal year earnings outlook.

A majority of the major sectors are on the downside, with semiconductor and resource stocks posting some of the sharpest declines. Meanwhile, utility stocks remain above the unchanged line.

Going into mid-afternoon trading, the major averages continue to linger in the red. The Dow is currently down 52.33 at 8,526.78, while the Nasdaq is down 31.97 at 1,532.35 and the S&P 500 is down 13.48 at 874.40.

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