🔴 TEAM is trading 5% down today as hot CPI data slashes rate cut hopes

TEAM is trading at $80.68 (-5.08%) amid a sharp drop linked to hotter-than-expected inflation data.

• The CPI rose 3.8% YoY, beating forecasts and slashing hopes for Fed rate cuts, which has placed significant pressure on tech stocks.
• The move mirrors broader market weakness following yesterday's Nasdaq decline and a widespread sector sell-off.
• TEAM continues to extend its recent downtrend from a high of $93.16 reached on May 4.