US STOCKS-Wall St set to open lower after weak China data
* China's manufacturing sector shrinks
* Oil prices resume declines
* Netflix falls on report Apple considering original programming
* Futures down: Dow 358 pts, S&P 44 pts, Nasdaq 100 pts (Adds details, comment, updates prices)
By Tanya Agrawal
Sept 1 (Reuters) - Wall Street was set to open sharply lower on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy.
Data showed that China's manufacturing sector shrank at its fastest pace in three years. The services sector, which has been one of the lone bright spots in the country's economy, also showed signs of cooling.
China's official manufacturing Purchasing Managers' Index (PMI) fell to 49.7 in August from 50.0 in July.
"The PMI was below 50, which is a psychologically important level and puts into real focus the fact that China is contracting," said Joe Rundle, a senior sales trader at ETX Capital. Continuación...