Mumbai, March 10 -- The Nasdaq jumped 308.27 points or 1.4 percent to 22,695.95, the S&P 500 advanced 55.96 points or 0.8 percent to 6,795.99 and the Dow climbed 239.25 points or 0.5 percent to 47,740.80.

Early in the session, the Dow tumbled by as much as 1.9 percent, while the Nasdaq and S&P 500 slumped by up to 1.5 percent-their worst intraday levels in over three months. A late-day Wall Street rally followed President Trump's comments to CBS News' Weijia Jiang that the U.S. war with Iran is "very complete," with Iran lacking navy, communications, and air force, ahead of his initial 4-5 week timeline.

Trump also mentioned considering control of the Strait of Hormuz, triggering a crude oil price nosedive. Crude had spiked above $100 a...