End-of-day recap

The Dow rose as yields fell, while earnings drove sharp stock moves. Manpower fell and Ericsson rose after their reports, as Semtech slid on its analyst day outlook.

MAN fell 15.82% to $43.74 as sales missed and its outlook fell short. Sales of $4.84B missed the $4.85B view. Its next quarter EPS range was $1.03-$1.13, versus $1.10 expected; EPS of $1.01 for the reported quarter met the view.

The Dow rose 1.08% to 52,177.69 as yields fell and buyers moved to defensive shares. The 10-year yield was 5.10%. Healthcare rose 1.86% as tech fell 0.65%; the S&P 500 rose 0.33% and Nasdaq edged up 0.08% at the close.

ERIC rose 11.80% to $10.71 on its morning earnings beat. EPS of 1.77 kronor topped the 1.55 view, and sales of 59.5B kronor beat 55.3B. Higher Networks sales drove 7% organic growth. The jump came in the regular session.

SMTC fell 10.01% to $144.21 on its analyst day outlook. Its fiscal 2030 plan targets $3.2B in sales, with $2.1B from data centers. These are goals, not forecasts; the firm does not promise that those sales will be reached.

MRSH posted EPS of $2.03 versus $1.97 and sales of $6.86B versus $6.64B. The beat supported shares. Its Thrive savings goal rose to $600M from $400M, with most actions due by the end of 2028. Results came before the open.

Tigress analyst Joseph Feldman raised COST's target to $1,250 from $1,065. Shares were $978.01 when the note came out on October 15. The new target stood above the old one and above the share price quoted in the note.

Raymond James cut UNP to $350 from $363 and CSX to $53 from $56. XPO fell to $205 from $225 in its target review, while CHRW went to $170 from $192. Each change was to a stock price target.

RBC cut DD to $160 from $176, ALB to $129 from $157 and APD to $346 from $360. Shares at note time were $129.92, $97.75 and $295.63, in that order, below each of the firm's new stock price targets.

Jefferies raised DTM to $150 from $145 as Scotiabank cut it to $165 from $168. Even with its cut, Scotiabank kept the higher target. The two notes quoted share prices of $119.09 and $117.89, respectively, when they came out.

NVDA led options with 2.98M contracts, ahead of CRWV, SPCX, INTC, TSLA, MU, AAPL, IREN, WULF and AMD. Its volume split was 1.92M calls and 1.06M puts, for a 0.55 put/call ratio on the contracts traded during the session.

Earnings beats, target cuts and lower yields marked the day's close.

Not financial advice. For informational and educational purposes only.