Market Updates

Movers: Bitcoin, Boeing, Energy Stocks, Oracle, United Airlines

Scott Peters
13 Dec, 2022
New York City

    Oracle Corporation rose 2.7% to $83.43 after the database developer said revenue in the fiscal 2023 second quarter rose 18% to $12.3 billion.

    The company swung to a net income of $1.7 billion from a loss of $1.2 billion or 63 cents from 46 cents loss a share a year ago.

    Boeing Company rose 1.2% to $188.52 after United Airlines placed an order to purchase 200 jet planes with an option to acquire more planes in future.

    United Airlines said it plans to purchase 100 787 Boeing Dreamliners and 100 Boeing 737 Max jets as the company replaces its aging fleet.

    The order is worth $43 billion at list prices.

    Cryptocurrencies and publicly listed companies were in focus after The Bahamas police arrested the former chief executive of the fallen crypto exchange FTX.

    Sam Bankman Fried faces criminal charges including defrauding investors and wire fraud charges and a separate set of charges from the U.S. Securities and Exchange Commission.

    Coinbase Global declined 1.1% to $42.15 and the Bitcoin and other cryptocurrencies rose between 2% and 4%.

    Robinhood Markets increased 1.1% to $9.69. 

    Energy stocks traded higher after crude oil prices and natural gas prices rebounded. 

    Crude oil price jumped $2.17 to $75.34 a barrel and Brent crude oil increased $2.60 to $80.59 a barrel amid optimism about China's reopening. 

    Natural gas prices increased 44 cents to $7.03 a thermal unit and the Dutch TTF natural gas futures rose to

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