Closing Bell Overtime: Stocks Stage Stunning Midday Comeback to Close Higher 3/9/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 March 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets respond to fast moving geopolitical headlines and fresh swings in energy. Oil dominates the market conversation. Pippa Stevens tracks price moves while Helima Croft, Global Head of Commodity Strategy at RBC Capital Markets, breaks down supply risks, geopolitical crosscurrents and what it would take for crude to move higher or stabilize. Matt Stucky of Northwestern Mutual Wealth Management and Anastasia Amoroso of Partners Group assess the broader market setup and debate how investors should position amid volatility. Earnings from HPE add another data point for tech. Jason Furman, former Chair of the Council of Economic Advisers, weighs in on the Fed and the economic outlook. Dan Levy of Barclays explains how higher oil prices could ripple through the auto sector.

Transcript

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0:00.0	The Bell's bringing an end to the trading day at the NYSC 1111 Media rings the closing bell at the NASAC, the Legal Aid Society, during the honors.
0:08.0	Welcome to closing bell overtime. We're large in studio be at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli.
0:13.0	Big reversal for stocks today as oil prices fell after a huge overnight spike. The Dow was nearly 900 points lower at the lows, ending the day higher.
0:21.9	The S&B and NASDAQ also seeing major comebacks. We've got a full breakdown to the market straight ahead.
0:26.2	And a wild session for oil prices, crude hitting $119 a barrel overnight, before giving up all those gains and more through the day, turning negative in the last hour.
0:36.2	We'll have more on the energy trade in a minute.
0:38.6	But we began in Washington with fresh comments from the president, given the markets of bruised
0:42.9	in the last few minutes of trading. Amen.
0:45.7	Mike, that's right. President Trump giving a phone interview to CBS News is Ouija Jang.
0:51.3	She took to social media to give us some of the highlights. And one of the
0:54.6	sentences here is getting a lot of attention in the market. The president says, I think the war is
1:00.0	very complete pretty much. They have no Navy, no communications. They've got no air force. He
1:04.8	added that the U.S. is very far ahead of his initial four to five week estimated time frame.
1:14.6	Weja reports also that asked about the new Iranian Supreme Leader who was appointed over the weekend and who Trump has openly criticized.
1:18.6	The president told her, I have no message for him, none whatsoever.
1:21.6	Jang reports that Trump said he has someone in mind to replace Khomeini,
1:26.6	but he did not elaborate. So as for the
1:29.4	straight of Hormuz, the president telling CBS news that ships are moving through it now,
1:34.0	but he is, quote, thinking about taking it over. Trump says, he's warning Iran here. He says,
1:40.1	they've shot everything they have to shoot and they better not try anything cute or it's going to
1:43.9	be the end of that country.
1:46.1	So these remarks, guys, as you look at them from CBS News, on the one hand, you see the president saying he thinks the war is complete or very complete and he's way ahead of his time frame of four weeks or so.
	...

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