US stocks lose some ground

Wall Street ended an erratic session moderately lower today as concerns grow about the impact of high fuel costs on consumers and corporate profits.

The Dow Jones industrial average fell 34.93, or 0.29%, to 11,807.43, after falling more than 100 points in earlier trading and later moving in and out of positive territory. The Dow dropped as low as 11,725.52 - beneath the levels it sank to in March when Bear Stearns appeared to be on the verge of collapse.

Broader stock indicators also fell. The Standard & Poor's 500 index declined 3.71, or 0.28%, to 1,314.29, and the Nasdaq composite index fell 17.46, or 0.73%, to end at 2,368.28.