Meta Shares Defy Tech Weakness Thanks to an Update That Fights the Bear Case Stocks are experiencing a pullback, with declines in consumer discretionary, financials, and software sectors, while Meta Platforms rallied significantly after announcing a new agentic feature for businesses. Honeywell Aerospace revealed its long-term financial targets, expecting at least $6.5 billion in adjusted EBIT by 2030, ahead of its spin-off on June 29. Key earnings reports from Broadcom, CrowdStrike, and Five Below are expected, alongside job cut and jobless claims data.

• Wall Street stocks are pulling back from record highs, impacting consumer discretionary, financials, and technology sectors.
• Meta Platforms rallied after announcing a new AI feature for its apps, addressing concerns about its AI spending and monetization.
• Honeywell Aerospace has set long-term financial targets, projecting at least $6.5 billion in adjusted EBIT by 2030, in preparation for its spin-off on June 29.
• The aerospace sector is sensitive to energy prices and oil flow due to potential jet fuel supply shortages.
• Upcoming earnings reports include Broadcom, CrowdStrike, and Five Below, with economic data on job cuts and jobless claims also due.