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

Boeing Stock Gains Following 737 MAX Clearance

After being grounded for more than two years, Boeing's 737 MAX airplane has finally received clearance to fly again from the Federal Aviation Administration (FAA). As a result, Boeing stock climbed more than 4% in early trading.

The FAA's decision is a major victory for Boeing, which has been working to fix the software problems that led to two fatal crashes in 2018 and 2019.

Oracle Stock Surges After Strong Earnings Report

Oracle reported strong earnings for its fiscal fourth quarter, sending its stock soaring more than 5% in after-hours trading.

The software maker's revenue for the quarter came in at $11.45 billion, up 3% from the same period last year.

Adobe Stock Rises on Strong Demand for Creative Cloud

Adobe reported strong demand for its Creative Cloud software suite, helping to lift its stock more than 3% in after-hours trading.

The company's revenue for the quarter came in at $3.23 billion, up 23% from the same period last year.

RH Stock Falls After Earnings Miss

RH, formerly known as Restoration Hardware, reported disappointing earnings for its fiscal first quarter, sending its stock down more than 8% in after-hours trading.

The home furnishings retailer's revenue for the quarter came in at $840.2 million, down 13% from the same period last year.

Moderna Stock Rises on Vaccine News

Moderna reported positive news about its COVID-19 vaccine, sending its stock up more than 6% in after-hours trading.

The company announced that its vaccine was 94.1% effective in preventing symptomatic COVID-19 in a clinical trial involving more than 30,000 people.