Stock market today: Dow skids, Trump rejects Iran deal; Chips are falling but Nvidia is increasing on it

The Dow Jones Industrial Average and other major stock indexes fell Monday after President Donald Trump rejected Iran’s latest offer to reopen the Strait of Hormuz. Separately, yields on oil futures and Treasury contracts jumped. Chip and software stocks are lagging, but Nvidia (NVDA) rallied in the stock market today after the company boosted its share buyback program. The Dow Jones industrial stocks have come out of their lowest…