Automatically mark manually moved unread Outlook email as read?
Rules do have a "mark as read" action that can be applied, but to the best of my knowledge, rules make "active" actions ("move emails with this subject to this folder and mark as read"), they don't detect "passive" actions ("when email goes into this folder, mark as read").
Since this is a manual action not an automatic one you want to do a Quick Action rather than a Rule.
(My instructions and screenshots are from Outlook 2010 as it is what I have available, but I'd be surprised if 365 doesn't have this functionality.)
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Under the Home ribbon, in the Quick Steps group, click Create New. Or, right click an email and in the context menu, hover Qucik Steps and click Create New.
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Add two actions to the step, one to move to the folder and the other to set it as read. Make the name self-explanatory and you can also optionally add a description and keyboard shortcut.
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Now you can use your Quick Step by right clicking on your selected email(s).