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

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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.