25Q4Y/Y earnings are expected to be 13.6%. Excluding the energy sector, the Y/Y earnings estimate is 14.0%.

The Fed is already cutting rates and printing $40 billion per month and using the money to buy U.S. debt. To put those actions into perspective, the Fed usually does this during recessions to cushion the economic fallout.

On Friday, Britain's FTSE indexes remained subdued, mirroring a cautious global market sentiment during a week dominated by concerns over AI-driven disruptions.