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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.
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Major M&A deals this week include: The Descartes Systems buys Tai, KKR nabs Ci FLAVORS, Skimmer Acquires Pool Builder Geek and Poologics.
Read original at benzingaScotiabank analyst Patrick Colville maintains Elastic (NYSE:ESTC) with a Sector Perform and raises the price target from $58 to $84.
Read original at benzingaMajor stock indexes edged higher on Aug. 28 as investors digested Federal Reserve Chairman Kevin Warsh's Jackson Hole speech emphasizing commitment to reducing inflation. The S&P 500 gained 0.20%, Nasdaq rose 0.14%, and the Dow climbed 0.17%. Communication services led sector gains while industrials and healthcare traded lower. Elastic surged 18% on earnings, but semiconductor stocks like Marvell and Rubrik fell despite beating expectations, as investors grew cautious following recent rallies and amid signals of potential rate hikes.
Read original at the-motley-foolGainers Core AI Holdings (NASDAQ:CHAI) shares rose 51.8% to $0.39 during Friday's regular session. The company's market cap stands at $6.5 million. As per the news, the Q2 earnings report came out today.
Read original at benzingaFinVolution Group (NYSE:FINV) affirms FY2026 sales outlook from $1.644 billion-$1.845 billion to $1.644 billion-$1.845 billion.
Read original at benzinga