🔴 Elastic is trading 4.1% down in pre-market amid rising oil prices and bond yields

Elastic is trading at $84.51, down 4.10%, amid broader macro pressure on growth stocks.

• No fresh company-specific announcement or catalyst was identified for September 28.
• After the U.S. rejected Iran’s proposal, weaker risk sentiment lifted oil prices and added pressure to bond yields.
• Reuters reported Brent rose 2.7% to $107.16, while Nasdaq futures fell 0.7%; the move appears consistent with macro pressure rather than a confirmed Elastic-specific event.