🟢 Elastic is trading 4.1% up today on softer-than-expected July PPI

Elastic is trading 4.1% up now at $80.33, as softer-than-expected July PPI supports growth-oriented equities.

• Expectations for a September Federal Reserve rate hike are easing, while Treasury yields are lower.
• The Nasdaq Composite is up 0.69% and the S&P 500 is up 0.50%.
• No fresh company-specific announcement explaining the August 13 move was identified; the OpenAI collaboration was announced July 30.