Closing Bell: Stocks Extend Bullish Momentum on Hopes of a Sustained Ceasefire

Key Points

• Markets extended gains on optimism around progress in Iran ceasefire talks, with the Russell 2000 leading broader equity strength while Energy lagged.
• CoreWeave announced a ~$21B expansion of its long‑term partnership with Meta through 2032, materially improving revenue visibility and reinforcing demand for large‑scale AI compute.

Markets extended their positive momentum on hopes of progress in ceasefire talks related to the Iran conflict. The S&P 500 (SPX) rose 0.62% and the Nasdaq‑100 (NDX) gained 0.72%, while the Russell 2000 (RUT) outperformed, closing up 0.6%. Consumer Discretionary, Industrials, and Communication Services led the market higher, while Energy and Health Care lagged during the session.

CoreWeave Expands $21B AI Infrastructure Deal With Meta

CoreWeave (CRWV) announced a major expansion of its long‑term partnership with Meta Platforms, extending a contract valued at approximately $21 billion through 2032 and significantly boosting its multi‑year revenue visibility. The agreement deepens Meta’s reliance on CoreWeave for dedicated AI cloud capacity supporting model development, training, and inference, with deployments spanning multiple regions to enhance scale, resilience, and performance. Notably, the deal includes early deployment of NVIDIA’s next‑generation Vera Rubin AI platform, reinforcing Meta’s aggressive AI capex trajectory while strengthening CoreWeave’s position as a critical provider of large‑scale AI infrastructure.

Market Events for Tomorrow (ET)

Friday, April 10

8:30 AM ET

• CPI

10:00 AM ET

• Preliminary University of Michigan Consumer Sentiment
• Preliminary University of Michigan Inflation Expectations
• Factory Orders

2:00 PM ET

• Federal Budget Balance:

Notable Earnings for Tomorrow

• A.M: N/A

P.M: N/A

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.