Shares of freight Delivery Company RXO (NYSE:RXO) dropped 6.2% after disappointing third-quarter results, with revenue meeting expectations but non-GAAP profit falling short due to higher transportation costs and weakening demand. Analysts lowered the price target to $15.00. Despite volatility, the market views this news as significant but not altering its perception of the business. The broader market, including Apple, saw gains due to positive earnings, easing tensions, and optimism about rate cuts. RXO is down 51% this year, trading 62.4% below its 52-week high. Investors who bought $1,000 worth of RXO shares at IPO would now have $552.79.

Read more at Yahoo Finance: RXO (RXO) Stock Trades Down, Here Is Why