US Stocks Slide Toward Worst Month In A Year; Labor Data Downbeat

–Stocks fall as underwhelming domestic jobs data outweighed strong readings on Germany’s economy

–U.S. data on labor market, Chicago-area manufacturing downbeat

–Dow industrials headed for biggest monthly slide of the year

NEW YORK (Dow Jones)–U.S. stocks tumbled toward their worst monthly showing in a year following downbeat data on the labor market and Chicago-area business activity.

The Dow Jones Industrial Average fell 50 points, or 0.4%, to 12369 in mid-morning trading. The blue-chip benchmark looked to post the latest in a streak of May slides, having dropped 1.9% in May 2011 and 7.9% in May 2010.

The Standard Poor’s …

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