Midday movers: Uber Technologies, Intel, DR Horton and more

investing.com:

Investing.com — U.S. stocks were rising on Tuesday, as investors shrugged off growing pessimism about U.S. interest rates reaching their peak soon as corporate earnings continued to pour in.

Here are some of the biggest U.S. stock movers today:

Uber (NYSE:UBER) stock rose 2.9% after the ride-hailing company reported third-quarter results that missed expectations on the top and bottom lines but showed strength in other areas, like gross bookings.

WeWork (NYSE:WE) stock remained halted after the flexible co-working space provider filed for bankruptcy in a New Jersey court, as it grapples with a post-pandemic downturn in office occupancy and expensive leases.

Carlyle Group (NASDAQ:CG) stock fell 0.2% after the private equity firm reported a 43% year-on-year drop in third-quarter distributable earnings, amid a slump in assets, mostly from its private equity portfolio.

Peloton (NASDAQ:PTON) stock fell 4.2% after Deutsche Bank downgraded the exercise equipment company to ‘hold’ from ‘buy’, seeing a “lack of clarity” in its growth outlook.

Perrigo (NYSE:PRGO) stock rose 5% after the [pharmaceutical company posted weaker-than-expected third-quarter sales and lowered its guidance.

UBS (NYSE:UBS) stock rose 2.1% after the Swiss banking giant reported $22 billion in net new money in its wealth management arm, helping to soften the blow of a $785 million quarterly loss to cover the costs of taking on stricken rival Credit Suisse.

--Peter Nurse contributed to this report