The three major indices were mixed today.

The NASDAQ fell 307.60 points.

The DOW rose 328.64 points.

The S&P 500 fell 42.94 points.

Broad market sentiment appeared mixed, with The DOW closing higher while the NASDAQ Composite and S&P 500 declined. The Dow's ascent reflected optimism surrounding a potential agreement between the United States and Iran, which investors believe could ease global oil flow. However, persistent inflation concerns weighed on the broader market. The April CPI report showed headline CPI rose 3.8% over the past year, with energy costs as a primary driver. Core CPI also saw a 2.8% year-over-year increase. Higher long-term interest rates, reflecting these inflation fears and reduced expectations for Federal Reserve easing, continued to influence market dynamics. Despite these concerns, the artificial intelligence (AI) sector continued to show strong momentum, with significant capital spending driving much of the S&P 500's year-to-date gains.

All this as CoreWeave Inc. (CRWV) shares rose $10.32 to end the day at $117.03 per share. The stock opened at $112.16. CoreWeave Inc.'s significant price move occurred because the company announced its upcoming inclusion in the Nasdaq-100 index, effective before market open on June 22, 2026. This index inclusion mandates passive buying from funds that track the benchmark, creating a structural demand for the stock. Additionally, CoreWeave announced record-breaking results in the MLPerf® Training v6.0 benchmark suite, demonstrating the fastest DeepSeek-V3 671B training performance. Analysts also project CoreWeave's revenue backlog could reach $131 billion by the end of the second quarter of 2026, exceeding Wall Street estimates.

CoreWeave Inc. expects the Nasdaq-100 inclusion to enhance its market visibility and liquidity, attracting a broader base of institutional investors. The company's record-breaking performance in AI training benchmarks reinforces its position as a premier AI cloud provider, showcasing its superior infrastructure capabilities for the most demanding AI workloads. The substantial and growing revenue backlog highlights robust demand for its AI cloud infrastructure services, solidifying its strategic importance within the rapidly expanding AI market. These developments position CoreWeave to capitalize on the increasing need for AI infrastructure, even as the company navigates its current negative free cash flow and reliance on debt markets for continued expansion.