Yes Poshnjari, BNN Bloomberg
First look with vigilance: stock sale, Bitcoin
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The TSX compound opened the trading day on Monday with a strong sell-off of about three percent, putting the index in correction territory, a 10 percent drop from its all-time high earlier this year. All 11 subgroups were in negative territory at 9:35 am ET, led by energy, finance and materials. Some names that are lowering the index include Hut 8 Mining Corporation, 11.3 percent, and Shopify, Inc., 8.17 percent. Selling was also strong in New York, with three key Wall Street indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq 100, all falling sharply. The S&P 500 is now in a bear market, 21% below its all-time high. Fear of a possible 75 basis point rise could come from the U.S. Federal Reserve this Wednesday at 2 p.m. ET after inflation data hit higher than expected last week. Bitcoin was also under pressure. The cryptocurrency has reached an 18-month low, below US $ 24,000. The crypto sector in general fell after the decision of a major space trading platform, Celsius, to stop withdrawals.