TEAM is trading at $81.58 (-4.02%) as hotter-than-expected inflation data and Nasdaq weakness weigh on the tech sector.
- The Nasdaq fell 0.7% after CPI rose 3.8% YoY, exceeding forecasts and reducing expectations for near-term rate cuts.
- The decline aligns with broader sell-offs in tech and AI stocks, with no company-specific news reported for Atlassian today.
- Macroeconomic headwinds, including rising oil prices linked to Middle East tensions, are adding further pressure to growth-oriented equities.