GLOBAL MARKETS-Stocks, oil, bond yields slip on US ISM data

NEW YORK (Reuters) – Shares on Wall Street fell on Wednesday, dragging world stocks and oil prices lower, after data showing a sharp slowdown in U.S. manufacturing in May added to fears of faltering global growth.

In the safe-haven U.S. Treasury debt market, the yield on benchmark 10-year debt slipped to its lowest level since early December after the Institute for Supply Management (ISM) said its index of national factory activity fell to 53.5 in May, its lowest level since September 2009. Analysts had predicted a reading of 57.7.

The euro stayed at a three-week high versus the dollar, although it fell to a record bottom against the Swiss franc, the preferred safe-haven among currencies.

By 10:24 a.m. EDT, the Dow Jones industrial average was down 104.82 points, or 0.83 percent, at 12,464.97. The Standard & Poor’s 500 Index was down 10.74 points, or 0.80 percent, at 1,334.46. The Nasdaq Composite Index was down 13.16 points, or 0.46 percent, at 2,822.14.

World stocks, as indicated by the MSCI global equities index , was down almost half a percent.