Honeywell Aerospace Tumbles Amid Earnings Disappointment

Wall Street experienced a decline on Thursday as oil prices rose and company earnings reports continued to roll in.

The S&P 500 fell 13.59 points, or 0.2%, to 7,709.96, just below its record reached on Tuesday.

Honeywell Aerospace was among the biggest losers, dropping more than 23% after reporting results that fell short of forecasts.

CFO Josh Jepsen said orders were up, but supply chain constraints limited their ability to convert demand into sales across all end markets.