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 upThe S&P 500 closed higher for the fifth straight session buoyed by the latest inflation print. The Dow Jones Industrial Average climbed 242 points, while the Nasdaq Composite eked out a 0.03% gain after spending most of the session in negative territory. Meanwhile, the yield on the 10-year Treasury slipped, while U.S. oil prices dropped 1.6% after President Joe Biden said Iran may not attack Israel if a cease-fire deal is reached.
Cisco job cutsShares of Cisco rose more than 5% in extended trading after the network gear supplier said it would cut 7% of its global workforce. The company will take a $1 billion pretax charge to implement …