GLOBAL MARKETS- Internet stocks cap Wall St losses; oil slips

* Revived demand for Internet stocks curbs Wall Street's loss * Oil prices fall as Chinese factory data disappoint * U.S. bonds rally before jobs data; sterling near 5-year peak * May Day holiday mutes trading volume in Europe, Asia (Updates market action, adds quote) By Richard Leong NEW YORK, May 1 (Reuters) - Wall Street stocks dipped on Thursday, despite a resurgence in Internet shares, while disappointing data on Chinese manufacturing activity knocked oil prices to a t