Why Amazon, Alphabet, and Atlassian Stocks All Traded Lower Monday Morning

The Federal Reserve Bank is set to meet later this week to plot a course for interest rate increases, and some of the biggest technology companies are on deck to release their quarterly financial reports. Taken in total, this suggests investors are a bit nervous about the overall state of the economy and what it means for these upcoming financial reports. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) declined 1.4%, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) slipped 2%, and Atlassian (NASDAQ: TEAM) fell 2.8%, as of 12:38 p.m. ET.