Apple Delta Intel and 3M sink while Celgene soars

first_imgNEW YORK — Stocks that moved substantially or traded heavily Thursday:Apple Inc., down $15.73 to $142.19The tech giant said iPhone sales in China weakened over the holiday season and will fall far short of Wall Street forecasts.Celgene Corp., up $13.79 to $80.43Bristol-Myers Squibb agreed to buy the cancer drugmaker for $74 billion.Intel Corp., down $2.59 to $44.49Chipmakers and other technology companies slumped as investors feared Apple’s comments were a bad sign for the industry.3M Co., down $7.19 to $183.76Shares in industrial companies fell following concerns about China’s economy and a weak report on U.S. manufacturing.Realty Income Corp., up 55 cents to $62.48Share in real estate companies and other stocks that tend to do better in times of economic turmoil rose on Thursday.Delta Air Lines Inc., down $4.48 to $45.61Airline stocks dropped after Delta said its fourth-quarter revenue won’t grow as much as it expected.Freeport-McMoRan Inc., down 29 cents to $10.07Copper prices slumped amid concern that slower economic growth will reduce demand for copper in construction.Caterpillar Inc., down $4.87 to $121.51A weak report Thursday on U.S. manufacturing also weighed on the market.The Associated Presslast_img