Boeing, Oracle, Adobe, RH, and More Stock Market Movers

Boeing Stock Rises on Increased Aircraft Demand

Boeing (BA) stock rose 2.5% on Tuesday after the company announced increased demand for its aircraft. The company said it had received orders for 200 new 737 MAX jets from Southwest Airlines and 50 from United Airlines. The orders are a sign that the aviation industry is recovering from the COVID-19 pandemic and that Boeing is well-positioned to benefit from the recovery.

Oracle Stock Falls on Earnings Miss

Oracle (ORCL) stock fell 3.5% on Tuesday after the company reported earnings that missed analysts' expectations. The company said its revenue declined 2% in the fourth quarter, and its earnings per share fell 4%. Oracle blamed the decline on the strong U.S. dollar and the ongoing war in Ukraine.

Adobe Stock Jumps on Strong Q3 Results

Adobe (ADBE) stock jumped 6% on Tuesday after the company reported strong third-quarter results. The company said its revenue increased 13% in the quarter, and its earnings per share increased 11%. Adobe also announced a new share buyback program of up to $10 billion.

RH Stock Falls on Weak Q3 Sales

RH (RH) stock fell 9% on Tuesday after the company reported weak third-quarter sales. The company said its sales declined 7% in the quarter, and its earnings per share fell 12%. RH blamed the decline on the ongoing economic slowdown and the impact of Hurricane Ian.

Other Stock Market Movers

• Apple (AAPL) stock rose 2.5% on Tuesday.
• Microsoft (MSFT) stock rose 3.0% on Tuesday.
• Amazon (AMZN) stock fell 1.5% on Tuesday.
• Tesla (TSLA) stock fell 4.0% on Tuesday.
• Meta Platforms (META) stock fell 2.0% on Tuesday.