- U.S. stocks traded mixed on Friday with the Dow Jones gaining 0.19% to 53,671.64 while the NASDAQ slipped 0.25% to 26,474.56.
- Elastic shares surged 17% following better-than-expected first-quarter results and raised guidance, whereas gold fell 2.2% to $4,561.40.
- The University of Michigan's consumer sentiment index rose to 51.7 in August, while the Chicago Business Barometer dipped to 47.1.
- Gap Inc shares jumped 15.2% to $ 23.98 after reporting better-than-expected second-quarter earnings of 52 cents per share and raising its FY 26 EPS guidance to a range of $ 2.35 to $ 2.45.
- Other notable stocks like Elastic NV and Affirm Holdings also moved higher following strong quarterly financial results and upbeat guidance updates.
- Solstice Advanced Materials and N-Able gained ground after announcing strategic share repurchase programs and corporate updates.