Honeywell Spin-Off

Wall Street saw mixed trading, pressured by Meta and Microsoft’s AI spending concerns despite strong earnings. Honeywell spun off Solstice Advanced Materials (SOLS), receiving an “outperform” rating from BMO. DuPont is set to separate Qnity Electronics (“Q”). Goldman Sachs CEO David Solomon remains confident despite stock performance, citing strong global banking and markets division performance. He sees a low recession risk and AI infrastructure investment as an economic tailwind. Investors await earnings reports from Apple, Amazon, Cloudflare, and Linde.