* Global stocks slide as data shows recovery yet at hand
* Dollar bounces off 2009 low after Asian comments
* Bonds rise after mixed data with safe-haven support
* Oil falls more than 3 pct on rising crude inventories (Adds close of U.S. markets)
By Herbert Lash
NEW YORK, June 3 (Reuters) - Weak U.S. economic data and an unexpected rise in crude oil inventories on Wednesday dashed hopes that the economy had truly turned the corner, knocking down equities, oil and commodities prices while lifting the U.S. dollar.
The news rekindled demand for the dollar as a safe haven and prompted profit-taking in other currencies.
The Australian dollar fell more than 3 percent and the New Zealand dollar slid more than 4 percent as investors took flight from higher-yielding, commodity-linked currencies.
The Reuters-Jefferies CRB index <.CRB>, a global commodities benchmark, fell 2.8 percent as the dollar snapped back from a year low versus the euro that was set earlier in the day.
Gold futures posted their biggest one-day percentage drop in almost two months, ending about 2 percent lower, as the dollar rally and tumbling oil triggered heavy profit taking.
Data showing the vast U.S. service sector contracted for an eighth straight month in May and a report showing employers axed 532,000 private-sector jobs last month soured investors.
In another report, total U.S. fuel demand over the four weeks ending May 29 fell by 7.7 percent against year-ago levels, the U.S. Energy Information Administration said.
The news signaled a prolonged recovery that would delay the pick-up in business and consumer spending that is needed to restore corporate earnings.
"The data just reminds people that the economy is still losing jobs and economic growth is slow," said Giri Cherukuri, head trader at OakBrook Investments LLC, which oversees $1.3 billion in Lisle, Illinois.
U.S. stocks snapped a four-day winning streak, led lower by
sliding oil and energy-related shares. DuPont Co
The Dow Jones industrial average <.DJI> closed down 65.63 points, or 0.75 percent, at 8,675.24. The Standard & Poor's 500 Index <.SPX> fell 12.98 points, or 1.37 percent, at 931.76. The Nasdaq Composite Index <.IXIC> slid 10.88 points, or 0.59 percent, at 1,825.92.
U.S. crude
U.S. crude inventories jumped 2.9 million barrels last week as imports rose, the EIA data showed, compared to a forecast by analysts of a draw. [EIA/S]
"The crude build and the dollar's rise are the major factors in today's drop in crude oil futures," said Andy Lebow, broker of MF Global in New York. "Prices rallied recently based on hopes of improving oil demand, but the latest data doesn't support that line of thinking."
Copper fell as weaker-than-expected U.S. data signaled economic conditions remained tough.
"There's a general feeling that the market has got ahead of itself," said Alex Heath, head of base metals trading at RBC Capital Markets.
The dollar rose against a basket of major currencies, with the U.S. Dollar Index <.DXY> up 1.19 percent at 79.417.
The euro
The U.S. August futures contract for gold
The benchmark 10-year U.S. Treasury note
European also stocks fell, led by banking, energy and mining shares, as the disappointing U.S. data raised doubts about a reconvey in corporate earnings.
The pan-European FTSEurofirst 300 index <.FTEU3> closed down 2.0 percent at 868.10 points.
Asian shares overnight rose to fresh eight-month highs as U.S. home sales data from Tuesday added to optimism that the global economy is through the worst.
Japan's benchmark Nikkei stock average <.N225> rose 0.4 percent, while the MSCI index of Asian shares excluding Japan <.MIAPJ0000PUS> rose 0.5 percent after touching a new eight-month peak. (Reporting by Ellis Mnyandu, Matthew Robinson, Gertrude Chavez-Dreyfuss, Chris Reese and Frank Tang in New York, Chris Baldwin in London and Peter Starck in Frankfurt; writing by Herbert Lash; Editing by Leslie Adler)