The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel shares fell after the company announced plans for a large share sale. Traders are now less confident about a Federal Reserve interest rate hike. Strong corporate earnings results previously boosted the S&P 500 to a record high.

US stocks stayed flat as Iran tensions pushed oil above $80, while Intel fell and investors weighed Fed rate bets, inflation data and key stock moves. | Business News

The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel shares fell after…