Wall Street falls on worries over slowing economic recovery
- Drugmakers Amgen, Merck weigh on Dow after rating cuts
- Boeing drops after Ryanair ends jet order talks
- Tinder parent Match Group jumps on joining S&P 500
- Dow down 0.78%, S&P off 0.40%, Nasdaq flat
Sept 7 (Reuters) – The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the Federal Reserve would maintain its accommodative stance a little longer after a soft U.S. payrolls report.
Amgen Inc (AMGN.O) and Merck & Co (MRK.N) fell about 2.4% each as the drugmakers dragged down the Dow Jones index (.DJI), after Morgan Stanley cut its rating on the stocks to “equal-weight” from “overweight”.
Nine out of eleven sub-indexes traded lower with economy-sensitive sectors like…