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Salesforce reported Q2 revenues of $11.35 billion and raised full-year guidance for the second time, with strong AI adoption driving optimism about revenue acceleration in the second half of 2027.
Elastic reported a 15% year-over-year revenue increase and raised guidance for fiscal 2027, but DA Davidson maintained a Neutral rating, citing execution consistency concerns despite the strong quarter.
Federal Reserve Chairman Kevin Warsh signaled at Jackson Hole that higher interest rates may be needed to combat inflation, setting up a potential policy test amid political pressure less than two months before congressional elections.
Amazon shares fell into technical correction territory after declining 2% Tuesday, dropping 11% from August’s all-time high amid regulatory and AI spending concerns.
Berkshire Hathaway reduced positions in three bank stocks during the recent quarter while increasing technology sector investments, signaling potential concerns about the banking industry.
Global bond markets faced selling pressure as energy prices surged following strikes in the Iran conflict, while central banks prepared for interest rate increases this month.
