{"id":608966,"date":"2023-10-29T00:00:00","date_gmt":"2023-10-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/"},"modified":"2023-10-29T00:00:00","modified_gmt":"2023-10-29T00:00:00","slug":"sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/","title":{"rendered":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018"},"content":{"rendered":"

Fears of further rate hikes, geopolitical tension push US stocks into correction: <\/strong>The escalations in Gaza, soaring bond yields, and disappointing 3Q earnings have triggered a \u201cslow-motion selloff\u201d in US stocks that has pushed the benchmark S&P 500 into correction after losing more than 10% from its peak in July, the Financial Times<\/a> wrote. This comes only days after the tech-dominated Nasdaq Composite slipped into correction following a series of less-than-optimistic earnings from tech giants. This is putting US stocks on course or their worst October in five years, according to Bloomberg<\/a>.<\/p>\n

Benefiting from the volatility are safe haven assets<\/strong>, like gold which is on track for its biggest monthly gain since 2020, breaking the USD 2k \/ oz threshold over the weekend, according to Bloomberg<\/a>. Investors have also been looking at the USD \u2014 which saw a 0.4% increase<\/a> against basket currencies over the past week \u2014 and government bonds<\/a> \u2014 which last week saw yields jump to a 16-year high.<\/p>\n

Don\u2019t lose all hope: <\/strong>\u201cSentiment is generally negative . . . but stress metrics haven\u2019t moved that much, it\u2019s been relatively orderly,\u201d Citigroup\u2019s Stuart Kaiser said. \u201cIt\u2019s easy to get distracted by some of the moving parts \u2026 but the bottom line is that the underlying macro picture is still strong.\u201d<\/p>\n

<\/a><\/a> <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

23,262<\/p>\n<\/td>\n

\n

+0.6% (YTD: +59.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 30.83<\/p>\n<\/td>\n

\n

Sell 30.96<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 30.85<\/p>\n<\/td>\n

\n

Sell 30.95<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

19.25% deposit<\/p>\n<\/td>\n

\n

20.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

10,409<\/p>\n<\/td>\n

\n

-0.9% (YTD: -0.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,237<\/p>\n<\/td>\n

\n

-0.1% (YTD: -9.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

3,787<\/p>\n<\/td>\n

\n

+0.1% (YTD: +13.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,117<\/p>\n<\/td>\n

\n

-0.5% (YTD: -7.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,291<\/p>\n<\/td>\n

\n

-0.9% (YTD: -2.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

4,014<\/p>\n<\/td>\n

\n

-0.9% (YTD: +5.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 90.48<\/p>\n<\/td>\n

\n

+2.9%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 3.48<\/p>\n<\/td>\n

\n

+0.2%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,998.50<\/p>\n<\/td>\n

\n

+0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 34,186<\/p>\n<\/td>\n

\n

+1.0% (YTD: 106.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The EGX30 rose 0.6% at Thursday\u2019s close<\/strong> on turnover of EGP 5.1 bn (122.5% above the 90-day average). Foreign investors were net buyers. The index is up 59.4% YTD.<\/p>\n

In the green: <\/strong>TMG Holding (+9.3%), Heliopolis Housing (+6.1%) and Palm Hills Development (+5.6%).<\/p>\n

In the red: <\/strong>Mopco (-6.0%), Abu Qir Fertilizers (-4.4%) and Oriental Weavers (-4.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The VIX \u201cfear gauge\u201d jumped to a six-month high of 21<\/p>\n","protected":false},"author":1,"featured_media":608967,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[11719,72,119,1143,122,121],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-anthropic","tag-enterpriseam","tag-financial-markets","tag-google","tag-planet-finance","tag-sp-500","wpautop","entry"],"acf":{"mongo_id":"2f8ed1f9-5d24-4a36-a404-c6f9b34ba103","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1347.jpg","photo_position":"above","homepage_title":"","full_issue_title":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018","related_issue":[608942],"teaser":"The VIX \u201cfear gauge\u201d jumped to a six-month high of 21","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.08d383e1-e610-423e-ac18-2faf3d174731.mp3"},"yoast_head":"\nS&P 500 slips into correction + US stocks are looking at their worst October since 2018 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P 500 slips into correction + US stocks are looking at their worst October since 2018\" \/>\n<meta property=\"og:description\" content=\"The VIX \u201cfear gauge\u201d jumped to a six-month high of 21\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"S&P 500 slips into correction + US stocks are looking at their worst October since 2018\",\"datePublished\":\"2023-10-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\"},\"wordCount\":325,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Anthropic\",\"EnterpriseAM\",\"Financial Markets\",\"Google\",\"Planet Finance\",\"S&P 500\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\",\"name\":\"S&P 500 slips into correction + US stocks are looking at their worst October since 2018 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-10-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&P 500 slips into correction + US stocks are looking at their worst October since 2018\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/","og_locale":"en_US","og_type":"article","og_title":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018","og_description":"The VIX \u201cfear gauge\u201d jumped to a six-month high of 21","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-10-29T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018","datePublished":"2023-10-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/"},"wordCount":325,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1","keywords":["Anthropic","EnterpriseAM","Financial Markets","Google","Planet Finance","S&P 500"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/","name":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1","datePublished":"2023-10-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/sp-500-slips-into-correction-us-stocks-are-looking-at-their-worst-october-since-2018\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"S&P 500 slips into correction + US stocks are looking at their worst October since 2018"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1347.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":542872,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/nasdaq-falls-into-correction-as-tech-exit-continues-early-swvl-investors-eye-africa-spac\/","url_meta":{"origin":608966,"position":0},"title":"Nasdaq falls into correction as tech exit continues + Early Swvl investors eye Africa SPAC","author":"enterpriseam admin","date":"20 January 2022","format":false,"excerpt":"Nasdaq enters correction as Wall Street sell-off continues: The sell-off in US tech stocks continued yesterday, leaving the Nasdaq down 10.7% from its November peak and officially putting it in correction territory. The tech-heavy index fell another 1.2% during the trading session as investors continued to exit growth stocks in\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544617,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/another-week-of-losses-for-us-stocks-but-is-a-bit-of-good-news-on-the-horizon\/","url_meta":{"origin":608966,"position":1},"title":"Another week of losses for US stocks, but is a bit of good news on the horizon?","author":"enterpriseam admin","date":"13 March 2022","format":false,"excerpt":"Stocks finished the week on a low after days of wild swings on the back of contradictory developments in Russia\u2019s war on Ukraine, the Wall Street Journal writes. The S&P 500 closed down 2.9% for the week on Friday, while the tech-heavy Nasdaq dropped 3.5% \u2014 marking the fourth weekly\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548684,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/us-retail-earnings-were-better-than-expected-in-2q\/","url_meta":{"origin":608966,"position":2},"title":"US retail earnings were better than expected in 2Q","author":"enterpriseam admin","date":"17 August 2022","format":false,"excerpt":"Better-than-expected retail earnings in the US yesterday kept the stock rally going even as tech stocks faced selling pressure on concerns about slowing growth and rising interest rates. The S&P 500 closed 0.2% in the green and the Dow gained 0.7% following a choppy trading session that saw a heavy\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632224,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/global-selloff-continues-on-tuesday-after-us-stocks-suffer-their-worst-fall-in-six-years\/","url_meta":{"origin":608966,"position":3},"title":"Global selloff continues on Tuesday after US stocks suffer their worst fall in six years","author":"enterpriseam admin","date":"6 February 2018","format":false,"excerpt":"The only global business story that matters this morning: The global correction in the equities market is gaining steam, and the selloff continues this morning in Asia. The EGX30 was the only regional index to buck the trend yesterday, closing the day up 0.6% in moderate trading.Wall Street has now\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/2\/1890.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546097,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/wall-street-extends-a-bad-run-on-trouble-for-tech-stocks\/","url_meta":{"origin":608966,"position":4},"title":"Wall Street extends a bad run on trouble for tech stocks","author":"enterpriseam admin","date":"27 April 2022","format":false,"excerpt":"Earnings season + Musk\u2019s Twitter bid drive Wall Street losses: US stocks extended their April losses yesterday on the back of falls in big tech firms and continued angst over inflation and heightened covid restriction in China, the Wall Street Journal writes. Shares in Microsoft and Google owner Alphabet both\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":662270,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/13\/positive-inflation-report-offers-relief-to-battered-us-stocks\/","url_meta":{"origin":608966,"position":5},"title":"Positive inflation report offers relief to battered US stocks","author":"enterpriseam admin","date":"13 March 2025","format":false,"excerpt":"The S&P 500 briefly entered correction territory earlier this week","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1027.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/608966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=608966"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/608966\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/608942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/608967"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=608966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=608966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=608966"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=608966"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=608966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}