NEW YORK — Ongoing worries about the health of the Chinese economy and another big sell-off in drugmakers pushed the stock market back toward its lowest level of the year.
Energy and raw material companies dropped on reports that industrial profits at Chinese companies fell sharply in August, heightening worries about a slowdown in the world’s second-biggest economy. Health care stocks fell sharply as drugmakers extended a decline that began last week as lawmakers stepped up pressure on the industry over its pricing policies.