Dow dips 50 points to start the week as tech weakness continues; European markets close lower as travel stocks sink; inflation data and Covid in focus 
Persistent weakness in technology stocks led the major indexes lower on Monday after last week’s hotter-than-expected inflation readings sparked a downturn in equity markets. 
The Dow Jones Industrial Average dipped 54.34 points, or 0.2%, to 34,327.79. The S&P 500 lost 0.3% to 4,163.29 as the tech sector pulled back 0.7%. The Nasdaq Composite fell 0.4% to 13,379.05. 
Big Tech came under pressure to start the week, with Apple and Netflix each down 0.9%. Microsoft shed 1.2%, while Tesla dropped more than 2% as famed investor Michael Burry revealed a big short position on the electric carmaker. 

European stocks closed lower on Monday as global investors weighed concerns over a rise in inflation and an increase in coronavirus cases, largely attributed to the spread of a variant that emerged in India. 
The pan-European Stoxx 600 finished flat. Most major bourses closed in negative territory and travel and leisure stocks dropped 2.25%. 
On the earnings front, Ryanair said it had seen a “strong snap back” in bookings in recent weeks, but reported a full-year net loss of 815 million euros ($989 million) on Monday as Covid-19 restrictions pushed its traffic levels down 81%. 
Source: CNBC