Boeing, Adobe Slip Premarket; RH Soars

Premarket Stock Movers

U.S. stock futures were little changed Tuesday morning after the major averages closed mixed Monday. Dow Jones Industrial Average futures fell 18 points, or 0.05%. S&P 500 futures slipped 3 points, or 0.07%, and Nasdaq-100 futures declined 18 points, or 0.14%.

Several large-cap stocks were moving premarket. Boeing Co. (NYSE: BA) shares fell 1.03% to $203.47, and Adobe Inc. (NASDAQ: ADBE) shares slid 1.15% to $343.10.

RH (NYSE: RH) shares jumped 3.97% to $369.69. The retailer reported better-than-expected earnings for its fiscal fourth quarter.

News In Focus

U.S. President Joe Biden is set to deliver his State of the Union address Tuesday night. In his speech, Biden is expected to discuss the economy, the ongoing COVID-19 pandemic, and the war in Ukraine.

The Federal Reserve is scheduled to meet next week to discuss interest rates. Economists widely expect the central bank to raise rates by 25 basis points.

Earnings season continues this week, with several major companies set to report their quarterly results. Among the companies reporting this week are Apple Inc. (NASDAQ: AAPL), Alphabet Inc. (NASDAQ: GOOGL), and Meta Platforms Inc. (NASDAQ: FB).