Stock Market Today: Dow, Nasdaq Close Lower As Oil Prices Spike Up; Memory ETF In Bear Market

The Dow Jones Industrial Average and other major stock indexes finished in the red Monday, hurt by surging oil prices as President Donald Trump said the U.S. will reinstate a blockade of Iran in the Strait of Hormuz. Meanwhile, memory-chip maker SK Hynix sank and an exchange traded fund focused on memory producers turned bearish on the stock market today.