Gold Falls Over 2%; Elastic Shares Jump After Upbeat Q1 Results
US stocks mixed, Dow up 100 points. Consumer discretionary stocks rise, industrials down. University of Michigan index improves. Elastic, Solstice, and Gap up, while FinVolution, PayPal, and Rubrik down. Oil down 0.5%, gold down 2.2%. European and Asian markets mostly up.
Elastic did really well and its stock jumped up because the company made more money than people expected. When a company beats expectations, it's a good sign to watch—it means the business might be doing stronger than everyone thought.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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