NEW YORK (dpa-AFX) – In the wake of massive losses in technology stocks, the US stock markets lost ground on Monday. Rising commodity prices have fueled concerns that inflation could bring growth in the world’s largest economy to a standstill and undo the recent record rally on the stock markets, it said from the trade.
Der Dow Jones Industrial climbed above the highly regarded 35,000 point mark for the first time in early trading and reached a record high for the fourth trading day in a row, but soon crumbled again. In the late course of trading, the downward trend accelerated and left the US benchmark index 0.10 percent in the red to close at 34,742.82 points. The market-wide S&P 500 
lost 1.04 percent to 4188.43 points. The tech-heavy Nasdaq 100 dropped by 2.63 percent to 13,359.08 points, almost ending at its daily low.
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