End-of-day recap

A $5.66 billion software deal, two post-earnings slides in industrials and autos, and a rotation out of tech defined the October 20, 2026 session.

Braze jumped 51.69% to $45.57 on 64.6M shares after Salesforce agreed to acquire it for approximately $5.66 billion in enterprise value. Shareholders will receive $47.50 in cash per share, against a prior market cap of $5.18B.

Sea Limited fell 9.09% to $80.43, a $49.26B market cap. CEO Forrest Li unveiled Sea Cloud, a new enterprise cloud division, and said the company is weighing a public listing of fintech arm Monee as the Shopee parent seeks growth amid intensifying competition.

GE Aerospace fell as much as 5.5%, down 3.7% after hours, at a $311.1B market cap. It raised 2026 adjusted EPS guidance to $8-$8.10 from $7.65-$7.85 on engine services and spare parts demand, but free cash flow of $2.04B missed the $2.2B estimate.

General Motors dropped 6.8% after hours to $77.09 from an $82.75 close. Q3 EPS of $3.70 beat $3.69, revenue of $50.015B beat $48.78B, core profit rose 22%, and a $20B buyback was approved. Mary Barra warned of commodity cost pressure and a softening truck market.

Equifax rose 11.33% to $176.54, a $20.7B market cap, after Q3 EPS of $2.26 beat $2.20 and revenue of $1.6925B beat $1.688B. Goldman Sachs raised its target to $169 from $148.

MSCI, valued at $43.0B, saw Goldman Sachs analyst George Tong lift his target to $684 from $672, while Raymond James moved to $680.

BMO Capital raised its Alphabet price target to $480 from $465. The company's market cap stands at $4.139 trillion.

Nvidia led options activity with 2,379,215 contracts, 80.91% of average daily volume, with 1,604,839 calls against 774,376 puts for a 0.48 put/call ratio. The Oct 21 2026 220 call traded 219,382 contracts, 18.67x its 11,749 open interest.

SKYD director Gerald J. Cardinale bought 4,900,000 shares at $12.00 on Oct 16, 2026, a $58.8 million purchase per a Form 4 filing. The company's market cap is $7.76B.

The 10-year Treasury yield fell to 5.12%, with the 2-year at 4.79% and the 30-year at 5.42%, as oil retreated from six-month highs ahead of the Fed's October 28 decision. Strong earnings offset concerns about debt-financed AI buildouts.

Healthcare led all 11 sectors at +2.37% while Technology slipped 0.28%. The Dow rose 1.02% and the Russell 2000 gained 1.66%, while the Nasdaq ended at -0.02%.

With the Fed decision eight days out, falling yields and a rotation toward healthcare and small caps set the tone for the week.

Not financial advice. For informational and educational purposes only.