Updated: US stocks fall sharply on China growth worries

NEW YORK — U.S. stocks fell sharply on Monday amid ongoing worries about the outlook for global growth. Health care companies led the declines as drugmakers continued to slide. The slump kept the stock market on track for its worst quarterly performance in four years.
KEEPING SCORE: The Standard & Poor’s 500 index slipped 47 points, or 2.4 percent, to 1,883 as of 3:34 p.m. Eastern time. The Dow Jones industrial average lost 292 points, or 1.8 percent, to 16,023. The Nasdaq compos