US STOCKS-Wall St turbulence returns as weak China data magnifies fear

martes 1 de septiembre de 2015 16:49 GYT
 

* China's manufacturing sector shrinks; U.S. factory data weak

* Global growth likely weaker than expected -IMF's Lagarde

* Oil prices resume declines; Exxon down 4.2 pct

* Netflix down on report of Apple mulling original shows

* Indexes close down: Dow 2.84 pct, S&P 2.96 pct, Nasdaq 2.94 pct (Updates to close, adds comment and detail on valuations)

By Noel Randewich

Sept 1 (Reuters) - Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.

The S&P 500 is now 10 percent lower than its May record high, with the prospect of slowing global growth and an impending U.S. interest rate hike curtailing a robust bull run that saw the index gain over 200 percent from the depths of the financial crisis in 2009.

Tuesday's was the S&P's worst drop since Aug. 24, when it slumped 3.94 percent after three days of increasingly volatile losses.   Continuación...