From Yahoo Finance: 2025-05-03 06:38:00

Wall Street closed the week with gains as investors reacted positively to better-than-expected non-farm payrolls. The Nasdaq led the rally with a 1.51% increase, followed by the S&P 500 and Dow Jones with gains of 1.47% and 1.39% respectively. Despite the market optimism, Atlassian Corporation (NASDAQ:TEAM) saw its stock drop by 8.99% on Friday due to disappointing earnings. The company reported a 288% increase in net loss for the first quarter, but revenue rose by 21%. Atlassian expects total revenues for the second quarter to be between $1.23 billion and $1.24 billion, targeting growth between 16.5% and 17% for the full year 2025.



Read more at Yahoo Finance: Why Atlassian Corporation (TEAM) Went Down On Friday