Call it Gloomy Monday. Both stocks and cryptos tanked in a deep sell-off driven by hot inflation numbers and ongoing fears of a recession right before the U.S. Fed meets this week to hike interest rates. The S&P closed -3.88% below 3,800, the Dow -.2.79% and the Nasdaq -4.68% to push it below 11,000.<\/p>\n
Tech once more bore the brunt with the QQQ<\/a> sinking 4.65%, Meta<\/a> -6.44%, Amazon<\/a> -5.37% and AMD<\/a> -8.3%. That said, non-tech stocks didn’t fare much better. For instance, American Airlines<\/a> tumbled 9.55% and Ford<\/a> 7.33%. The only things going up were the U.S. 10-year yield to 3.36% and the VIX leaping 24% to 34.<\/p>\n Crude oil held steady but the TSX still lost 2.63%. All sectors were hit starting with materials and staples. Big movers were Enbridge<\/a> at -2.45%, Suncor<\/a> -3.3%, Baytex<\/a> -4.2% and Crescent Point Energy<\/a> -4.5%.<\/p>\n 🏛 Invesco QQQ Trust, Series 1 (QQQ-Q)<\/a> -4.65% Call it Gloomy Monday. Both stocks and cryptos tanked in a deep sell-off driven by hot inflation numbers and ongoing fears of a recession right before the U.S. Fed meets this week to hike interest rates. The S&P closed -3.88% […]<\/p>\n","protected":false},"author":9,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-281854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/281854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=281854"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/281854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=281854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=281854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=281854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🕵️♂️ Meta Platforms, Inc. (FB-Q)<\/a> -6.44%
\n📦 Amazon.com (AMZN-Q)<\/a> -5.37%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -8.3%
\n🛫 American Airlines Group (AAL-Q)<\/a> -9.55%
\n🚘 Ford Motor (F-N)<\/a> -7.33%
\n🛢 Enbridge (ENB-T)<\/a> -2.45%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -3.3%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> -4.2%
\n🛢 Crescent Point Energy Corp (CPG-T)<\/a> -4.5%<\/p>\n","protected":false},"excerpt":{"rendered":"