The Dow Jones Industrial Average ended Monday trade near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices CLZ8, which fell into bear-market territory, defined as a drop from a recent peak of at least 20%. And while that decline has stabilized somewhat, with the Organization of the Petroleum Exporting Countries considering cuts to production to address rising crude-oil inventories, a new problem appears to be knocking stocks around. Some market participants were attributing a rise in the dollar to a roughly 1 1/2-year high as one of the key factors producing fresh headwinds for the broader market. A popular gauge of the buck, the ICE U.S. Dollar Index DXY, +0.02% was trading up 0.5% at 97.43, representing its highest level since June of 2017, according to FactSet data. A stronger dollar can hurt sales of multinational companies, making goods relatively more expensive to customers purchasing abroad. Meanwhile, the bond market was closed in observance of Veterans Day. Most recently, the Dow DJIA, -1.92% ended down 602 points, or 2.3%, at 25,387. Meanwhile, the S&P 500 index SPX, -2.37% closed off 2% at 2,726, while the Nasdaq Composite Index COMP, -2.73% wrap up the session with a 2.8% drop to reach 7,200. To be sure, a decline in shares of Apple Inc. AAPL, -4.19% after a series of negative reports on its holiday shipping also was weighing on technology and internet-related stocks and the broader market. A sharp decline in shares of Goldman Sachs Group Inc. GS, -2.87% also delivered a hefty 112-point blow to the Dow, and weighed on the broader market.