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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.
Morgan Stanley upgraded Robinhood Markets to Overweight, raising its price target to $150 from $124, citing confidence in the company’s expanding product ecosystem and revenue diversification strategy.
