Welcome to Markets Desk, your midday read on what's moving markets and the broader economy.
Meta's earnings cleared the bar, but the stock couldn't hold its gains. Mark Zuckerberg told investors the core business is strong and momentum is building across the board. Bank of America revised its price target upward once again, joining at least thirteen analysts who lifted their numbers after the print, yet shares still sold off sharply as chipmaker pressure weighed on the broader tech complex.
Shifting to energy, U.S. power demand is projected to surge twenty percent by twenty thirty, driven by artificial intelligence data centers, accelerating electrification, and a reshoring wave in domestic manufacturing. That's a structural tailwind for utilities and energy infrastructure names, and analysts are increasingly pricing that demand curve into their outlooks for the sector.
And in aerospace, airlines are scrapping perfectly serviceable jets years ahead of schedule, not because the airframes are worn out, but because engines and critical components are so scarce that carriers find more value breaking planes down for parts than keeping them in the air. It's a supply chain story with real consequences for fleet planning and airline operating costs industry-wide.
That's the tape. Markets Desk, signing off the floor.
