🔴 Elastic is trading 4.9% down today as rising bond yields pressure technology stocks

Elastic is trading at $92.79 (-4.88%) amid a broad technology-stock selloff tied to rising bond yields and weaker risk appetite on September 1, 2026.

• The Nasdaq Composite is down 1.01%, amplifying pressure on growth stocks.
• Japan’s 10-year yield reached 3%, its highest level since 1996; higher Treasury yields and elevated oil prices are reducing appetite for technology shares.
• Elastic’s August 27 earnings beat and raised guidance remain positive, but are not a fresh September 1 catalyst.