Johnson & Johnson added 1.2 percent to $71.61 after people familiar with the situation said the company has shown interest in Warburg Pincus LLC’s contact-lens manufacturer Bausch & Lomb Inc. Warburg wants at least $10 billion for the business, the people said.
IPhone maker Apple slumped 2.8 percent to $526.88. Component production for Apple devices in the first quarter is “exposed to major adjustment risk” as sales to the end of 2012 were weaker than expected, Yasuo Nakane, a Tokyo-based analyst at Deutsche Bank AG, said.
Technology companies lost 0.6 percent for the biggest decline among 10 groups in the S&P 500. Minutes from the latest Federal Open Market Committee meeting released yesterday said business expenditures on equipment and software decreased in the third quarter.
International Business Machines Corp. lost 0.8 percent to $193.80. Microsoft Corp., the world’s largest software maker, fell 1.2 percent to $26.92, while Intel Corp., the biggest chipmaker, dropped 1.1 percent to $21.10.
Coinstar Inc. slid 6.2 percent to $48.84 after announcing that Chief Executive Officer Paul Davis will retire on March 31. The owner of the Redbox movie-rental kiosks said Chief Financial Officer J. Scott Di Valerio will take over as CEO.