🔴 Atlassian is trading 6% down today amid a software-sector selloff after peers' weak guidance

Atlassian is trading at $204.78, down 5.98%, amid a sharp software-sector selloff.

• The software ETF IGV was down 4.26% during the regular session as disappointing results and guidance from software peers weighed on the sector.
• ServiceNow shares plunged after its outlook missed expectations.
• Weakness in Alphabet and broader concerns about returns on AI investment also pressured technology stocks. No clear Atlassian-specific announcement or catalyst was identified for October 29.