Warner Bros. Discovery reported its quarterly results.Dow Jones Industrial Averagesaw the largest percentage drop out of all the major indexes at 1.05%, finishing the session at 16,195.81. This comes after Tuesday's session served as a bright spot for the markets, with the S&P and the Nasdaq moving 1% higher and the Dow adding almost 300 points. Followwhen it posted its quarterly results after the bell Wednesday. The company reported a loss of 36 cents per share on revenue of $9.
A recession may still be afoot. According to JPMorgan Chase CEO Jamie Dimon, the odds of a"soft landing" for the U.S. economy are, meaning that he believes a recession is more likely."There's a lot of uncertainty out there," he told CNBC's Leslie Picker."I've always pointed to geopolitics, housing, the deficits, the spending, the quantitative tightening, the elections, all these things cause some consternation in markets.
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