CNBC Daily Open: Oil soars on Middle-East tensions
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Wall Street little changed
The S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data. The S&P 500 closed virtually unchanged, up 0.23 points, while the Nasdaq Composite added 0.21%, boosted by a surge in Nvidia shares. However, the Dow Jones Industrial Average fell 0.36%. The yield on the 10-year Treasury edged lower.
Mid-East tensions
U.S. crude oil prices rose over 4% on Monday, surpassing $80 per barrel, as the Pentagon deployed additional forces to the Middle East in response to heightened tensions. Defense Secretary Lloyd Austin ordered a carrier strike group, including F-35 warplanes, and a guided-missile submarine to the region. Israel has been preparing for retaliatory strikes by Iran and Hezbollah after the assassination of a Hamas leader in Tehran.
Elliott-Starbucks settlement?
Activist investor Elliott Management and Starbucks are in settlement talks, with potential terms including a board seat for Elliott's Jesse Cohn and governance improvements, according to CNBC's David Faber. CNBC previously reported the talks held last week would allow CEO Laxman Narasimhan to keep his job and position on the board. Starbucks Chairman Emeritus Howard Schultz has been opposed to the settlement. Elliott has built a $2 billion stake in Starbucks.
Trump interview disrupted
Elon Musk's interview with former President Donald Trump on the X platform faced significant technical issues, with users unable to join the livestream initially. Musk blamed a