Enterprise software stocks rise despite tech sell-off, led by Atlassian's public sector push.

Enterprise software stocks like Atlassian, Monday.com, Salesforce, and ServiceNow rose notably while broader tech stocks fell, defying typical market trends amid rising long-term Treasury yields. Atlassian's 3% gain was driven by its accelerated timeline for U.S. federal security authorization and new government-focused cloud offerings, signaling a strategic push into sensitive public sector work. The sector's strength amid higher rates suggests investors view these platforms as defensive tech plays. Market watchers will see if this trend holds or reverts to the usual pattern where rising yields pressure tech stocks.

Atlassian shares lead the rally on Pluang, up 3.12% at USD 194.54 as of Sep 24, 2026 01:22 WIB, closely matching the article's noted 3% gain. Salesforce and ServiceNow also climb, with Salesforce up 2.74% at USD 239.67 and ServiceNow up 2.66% at USD 140.65. This strong performance on Pluang highlights investor interest in enterprise software stocks despite broader tech sector weakness and rising Treasury yields.