North American markets fell again Thursday, as investors continued to pull back from this year’s record highs and on concerns that inflation, and interest rates, were headed up.

The S&P/TSX composite index dropped 100.66 points, or 0.86%, to 11,539.95. The senior exchange dropped 188.81 yesterday and 788.26 points since May 9.

Eight of the 10 TSX main sub-groups were down, with the energy sector off 1.41%.

Light, sweet crude for June delivery ended up 76¢ at US$69.45 a barrel.

Canadian Natural Resources fell $2.06, or 3.52%, to $56.45.

The materials index fell 1.12% as the benchmark June gold contract shed $10.90 to close at US$680.90 an ounce.

Kinross Gold Corp. lost 20¢, or 1.62%, to $12.12.

The Canadian dollar was down 0.52 of a cent to US89.25¢.

The S&P/TSX Venture composite index fell 91.77 points , or 3.20%, to 2,777.58.

The junior exchange has lost a whopping 473.45 since May 9, a drop of 14.56%.

In New York, markets continued to fall in the aftermath of yesterday’s report indicating a stronger-than-expected rise in retail inflation in April, stoking fears of continued interest rate hikes from the U.S. Federal Reserve.

The Dow Jones Industrial average fell 77.32 points to 11,128. The benchmark index has fallen almost 300 points in two days.

The Nasdaq compositeiIndex ended down 15.48 points at 2,180.32, its lowest close in six months.

The S&P 500 dropped 8.51 points to 1,261.81.