🔴 Atlassian Corp Plc is trading 4.2% down today as hawkish Fed signals drive a broad tech selloff

Atlassian Corp Plc is trading 4.2% down at $84.26 as hawkish signals from the Federal Reserve spark a broad retreat in growth and software stocks.

• The move tracks a wider risk-off tone in U.S. equities after the Fed held rates steady but signaled no cuts for 2026, driving a sharp pullback in high-valuation names.
• The stock is facing profit-taking pressure following recent gains fueled by a Strong Buy upgrade and solid Q3 financial results.
• Broader tech indices are sliding as the prospect of higher-for-longer interest rates weighs on the software sector.