US STOCKS-Wall St slumps as weak China data stokes growth fears

martes 1 de septiembre de 2015 13:21 GYT

* China's manufacturing sector shrinks; US factory data weak

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

* Oil prices resume declines; Chevron, Exxon down 4 pct

* Netflix down on report of Apple mulling original shows

* Indexes down: Dow 2.46 pct, S&P 2.52 pct, Nasdaq 2.23 pct (Updates to early afternoon)

By Tanya Agrawal

Sept 1 (Reuters) - Wall Street slumped more than 2 percent on Tuesday, pushing all three major indexes into the red for the year, after weak data from China escalated fears that the slowdown in the world's second-largest economy will constrain global growth.

The sell off was broad. All 10 major S&P sectors were lower between 1.8 and 3.4 percent. All 30 Dow components were down between 1.5 and 4 percent.

Data early on Tuesday showed that China's manufacturing sector shrank at its fastest pace in three years in August. Later in the day, data showed that the pace of growth in the U.S. manufacturing sector slowed in August to its weakest in over two years.   Continuación...