U.S. equities fell, with the S&P 500 Index losing 0.6%, as oil futures jumped to their highest level in 10 months on tight supplies, after OPEC members predicted demand for crude will increase both this year and next. Tech shares stumbled, with the Nasdaq off 1%. 

Apple (AAPL) shares dropped 1.7% as the iPhone maker unveiled its newest smartphone and other products. Oracle (ORCL) sank 13.5% after revenue and guidance missed forecasts⛄ ♑as demand for some of its cloud products declined.

RTX (RTX) shares dipped 1.7%, adding to their losses yesterday when the jet engine maker warned it would take a $🅠3 billion charge as it recalls and inspects more than 600 one of its Pratt & Whitney unit’s engines. Several analysts downgraded the stock following the 🍸news.

United Parcel Service (UPS) shares lost 2.7% as the biggest package delivery firm unveiled details of the new൲ contract agreement with the Teamsters Union.

The jump in oil futures lifted energy company stocks, with shares of Occidental Petroleum (OXY) up 4%, Marathon Oil (MRO) gaining 3.7%, and APA Corporation (APA) shares rising 3%.

Walgreens Boots Alliance (WBA) shares added 1.4% asꦑ the biggest U.S. pharmacy chain formed a strategic partnership with health tech firm Pearl Health, speeding Walgreens’ expansion into providing primary care services.

Westrock (WRK) shares ๊picked up 2.8% after Ireland’s Smurfit Kappa agreed to purchase t𒅌he paper and packaging products manufacturer for $11 billion.

Intel (INTC) shares gained 1% as the semiconductor firm announced it would sell 10% of its stake in the IMN Nanofabrication business to Taiwan Semiconductor (TSM). Shares of Taiwan Semiconductor climbed 1%.