Inflation concerns hobbled US equity markets overnight although technology stocks stabilised after steep falls in the previous session - Dow down -474-points or -1.36%, logging its worst single session performance since 26 February. Travelers Companies Inc (down -3.08%) and Home Depot Inc (-3.07%) led the index declines. The broader S&P500 lost -0.87%, with Energy (down -2.56%) and Financials (-1.67%) leading ten of the eleven primary sectors lower. Materials (up +0.35%) was the only primary sector to advance. Tesla Inc fell -1.88% (paring an earlier decline of over >5.5%) after the electric vehicle maker’s April sales in China fell sharply from March, more so than its rivals amid negative public relations issues. Tesla sold 25,845 vehicles made in China in April. Although that was up from January sales of 15,484 vehicles and February sales of 18,318 vehicles, April sales were down -27% from March, according to industry data. Overall April electric vehicle sales in China fell 12% from March. L Brands Inc fell -1.8% after announcing plans to separate Victoria’s Secret and Bath & Body Works into two publicly traded companies through a tax-free spinoff that should be completed in August 2021. The Nasdaq dipped -0.09% to 13,389.43 after dropping to a six-week intra-day low of 13,107.67 (down ~2.2%)earlier in the session. A number of big technology names rebounded in in the afternoon session, including Netflix Inc which recovered from an earlier decline of as much as -1.7% to a six-month low to settle +1.72% higher. All of Amazon.com Inc (up +1.05%), Apple Inc (-0.74%) and Google parent Alphabet Inc (-1.40%) cut earlier session losses significantly. The small capitalisation Russell 2000 eased -0.26%.