🔴 Elastic is trading 4.05% down as yields and Fed uncertainty pressure growth-tech valuations

Elastic is trading at $87.58 (-4.05%) as elevated Treasury yields and uncertainty over Fed policy weigh on growth-tech valuations.

• Elastic was reported trading lower alongside software peers.
• The broader market was higher, so that alone does not explain Elastic’s decline.
• No fresh company-specific catalyst surfaced in the search results.