S&P 500 rebounds into the green, oil declines as Trump says Iran war could be over soon

[nitpicked]

https://www.cnbc.com/2026/03/08/stock-market-today-live-updates.html

(snip)
The S&P 500 made a comeback from earlier losses on Monday after President Donald Trump said the war with Iran could be reaching its end.

The broad market index rose 0.4%, while the Dow Jones Industrial Average added 97 points, or 0.2%. The blue-chip index is coming off its biggest weekly slide in nearly a year. The Nasdaq Composite jumped 1%. Those moves mark an impressive turnaround from the losses seen earlier in the day. The Dow was down nearly 900 points at its session low, and the S&P 500 and Nasdaq lost as much as 1.5% each.

On Monday, Trump told a CBS News reporter, who shared the comments in a post on X, that “the war is very complete, pretty much.” “They have no navy, no communications, they’ve got no Air Force,” the president said, adding that the U.S. is “very far” ahead of his initially stated timeframe for the war of four to five weeks.

Trump also said that ships are now passing through the Strait of Hormuz and that he is “thinking about taking it over.”
(snip)

[nitpicked]

1. And from BBC

https://www.bbc.com/news/live/cz0g2yg3579t

(snip)

15:41

Donald Trump has suggested the war against Iran could be over soon, telling the BBC’s US media partner CBS News: “I think the war is very complete, pretty much."

He says the US is “very far ahead of schedule", adding Iran has “no navy, no communications, they've got no air force,” and claims their missiles are “down to a scatter”.

When asked if he thinks the war could be over soon, Trump responds: “Wrapping up is all in my mind.”
(snip)

[nitpicked]

5. Yet more from BBC

(snip)
On the progress of the war: "I think the war is very complete, pretty much. They have no navy, no communications, they've got no air force. Their missiles are down to a scatter. Their drones are being blown up all over the place, including their manufacturing of drones. If you look, they have nothing left. There's nothing left in a military sense."

On original timeline for operation: "We're very far ahead of schedule... I don't know, it depends. Wrapping up is all in my mind, nobody else's."

On Iranian missiles: "They've shot everything they have to shoot, and they better not try anything cute or it's going to be the end of that country... If they do anything bad, that would [be] the end of Iran and you'd never hear the name again."

On the Strait of Hormuz: US is "thinking about taking it over" and could do "a lot".
(snip)

[nitpicked]

7. Still more from BBC

(snip)
Trump was starting to feel the heat, however. Over the weekend, oil prices had shot up to more than $120 a barrel. American stock market futures and foreign exchanges indexes were sinking. By yesterday evening, Trump had posted on social media that higher oil was a “small price to pay” for US and global security.

Following Trump’s assurances on Monday afternoon that an end is in sight, the US stock market rebounded and oil prices dropped precipitously.

That may reflect a firm belief that the president is, in fact, planning to wrap up his military operation and fears of a protracted regional conflict were overstated.

Or it could be wishful thinking. History has proven that starting war may be easy, but ending one – particularly in the Middle East – is much more challenging.
(snip)

[WSHazel]

3. The most transparently manipulated market in history

Trump closed out his positions, raking in billions, and turns the market around.

[Fiendish Thingy]

4. Wait, WHAAAT?!?!

I just read right here on DU a couple of hours ago that the market was crashing and everyone should PANIC!!!!

A Trump TACO turnaround would not be a surprise…

[SergeStorms]

6. We don't equate him with TACO....

for nothing! He lives down to that description at every turn.

[WarGamer]

8. BIG reversal, unfortunately I was already done trading for the day

[ck4829]

9. Expect more volatility

[a kennedy]

10. All of them ended up.....DOW, NASDAQ, and the S&P.

[ck4829]

12. Never know what tomorrow will bring, expect more volatility

[ProfessorGAC]

11. Trump's Statement Had Nothing To Do With It

The markets started climbing and hour/15 minutes into trading.
The markets are not rational & the oil spike and subsequent market panic were an overreaction.
It hit bottom & bounced back; quite predictably.
Him saying the war is "over" had nothing to do with it.