Atlassian Corp Plc is trading 4.2% down at $97.27 as investors rotate out of growth and tech names following strong labor market data.
- The broader market is under pressure, with the S&P 500 and Nasdaq Composite both falling more than 1% in a tech-led retreat.
- Robust jobs data has reinforced expectations for higher-for-longer interest rates, which continues to pressure valuations across the technology sector.