TradingKey – Donald Trump announced that the U.S. will take control of the Strait of Hormuz and charge a “toll,” which, compounded by a crash in the South Korean stock market, dampened market sentiment. The three major indexes fell across the board, SpaceX and SK Hynix ADRs dropped close to their offering prices, memory chip stocks slumped, and the Philadelphia Semiconductor Index fell over 5%.

At the close, the Dow Jones Industrial Average fell 0.26% to 52,498.64; the Nasdaq Composite Index fell 1.55% to 25,873.18; and the S&P 500 Index fell 0.79% to 7,515.34.