Page 25 - Arkets Wrap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"If I were running a big company, I would be very prepared for it [recession]. If I was a consumer, I'd be prepared for it," Lloyd Blankfein said.

Of the 440 S&P 500 companies that have reported earnings so far, 77% of them have beaten profit estimates by a median of 8%.

Wednesday's CPI report will help investors gauge whether inflation has finally peaked or if prices are continuing to climb.

Of the 351 companies on the S&P 500 that have already reported earnings, 78% of them are beating profit estimates by a median of 8%.

Thursday's decline represented the Dow's worst day since June 11, 2020, when the 30-member index plunged more than 1,800 points.