US STOCKS-Wall St down sharply amid growth fears, oil slide
* Chinese factory activity shrinks for 14 straight months
* Pfizer higher after reporting rise in quarterly profit
* Coty falls after first profit miss in seven quarters
* Indexes down: Dow 0.91 pct, S&P 0.98 pct, Nasdaq 1.08 pct (Updates to early afternoon)
By Tanya Agrawal
May 3 (Reuters) - Wall Street was sharply lower in afternoon trading on Tuesday, with all 10 major S&P sectors in the red, after weak economic data out of China and Europe rekindled fears of a slowing global economy.
Activity at China's factories shrank for 14 straight months in April as demand stagnated, a private survey showed. Britain's manufacturing output last month also unexpectedly shrank to hit its lowest level in three years.
Oil prices dropped about 2 percent as rising output from the Middle East renewed concerns about global oversupply.
Exxon fell 1.5 percent and Chevron 2 percent. The stocks were the biggest drag on the S&P energy sector, which was on track for its biggest one-day decline since early March. Continuación...