Mar 19, 2025
Atlassian (TEAM) Stock Trades Up, Here Is Why
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 6.4% in the afternoon session after stocks rebounded to start the session amid continued market volatility and moved slightly higher as the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."