Elastic is trading at $92.46, up 4.12%, amid broader risk-on sentiment after cooler-than-expected August inflation eased rate-hike concerns.
- The Q2 GDP estimate was revised to 2.2% from 1.5%.
- Reuters reported U.S. stock futures moved higher after the inflation reading, supporting a global-macro explanation; no clear company-specific announcement explaining Elastic’s move surfaced in available search results.