Market Midday: Stocks Lower; U.S. Hormuz Blockade Sends Oil Higher • 7/13/26

I'm Jessica Edinger. CNBC Wall Street in the red this afternoon. President Trump announcing the US is reinstating the blockade on the straight of Hormuz.Oil prices popping and the major averages are down. The Dow down 138 points. Nvidia leading it lower.Shares of Nvidia down more than 2% this afternoon. The S&P 500 index down 38 points. That's a half percent.The NASDAQ down 290 points now. That's more than 1%. Chipmaker shares are struggling.Micron down 5%. AMD down almost 3%, Intel down 5% this afternoon. ...