04:58 PM EDT, 03/09/2026 (MT Newswires) -- US equity indexes turned the corner ahead of the close on Monday amid expectations that the Iran war could end soon.

The Nasdaq Composite jumped 1.4% to 22,695.1, the Dow Jones Industrial Average rose 0.5% to 47,740.2, and the S&P 500 advanced 0.8% to 6,795.2. All three gauges were down more than 1% earlier in the session amid a spike in crude oil prices to above $100 per barrel.

President Donald Trump said that the war with Iran could come to an end soon, CBS reported Monday.

"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... If you look, they have nothing left," Trump stated, according to the media outlet.

West Texas Intermediate crude oil futures were down 8.3% to $83.57 a barrel, after trading as high as $119.48 earlier in the session.