Katherine Sullivan

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Here's your Closing Bell Brief from Monday, March 9th.

I'm Catherine Sullivan for The Wall Street Journal.

U.S.

stocks swung widely today after CBS News reported comments from President Trump calling the war with Iran, quote, very complete, pretty much.

The Nasdaq led the market higher with a gain of 1.4 percent.

The S&P 500 was up 0.8 percent and the Dow was up half a percent.

Benchmarks recovered from early losses as oil prices dropped below $90 a barrel.

Investors also reacted to news that the Group of Seven might release strategic oil reserves.

This potential move helped stabilize energy markets after recent concerns about global inflation.

Among individual companies, Boeing shares sold off nearly 3% today.

The decline followed a meeting where President Trump said weapons makers agreed to raise munitions production.

Moderna shares jumped 6% during the session.

The move came after the head of vaccines at the Food and Drug Administration stepped down.

Live Nation stock rose 6% after the company reached a settlement with the Justice Department.

This agreement allows the concert promoter to keep ownership of Ticketmaster.

Unusual Machines shares gained 5%.

The rise followed news that the drone company, along with Donald Trump Jr.