Verification of concurrent programs still poses one of the major challenges in computer science. Several techniques to tackle this problem have been proposed. However, they often do not scale. We present an adaptation of the rely/guarantee methodology in dynamic logic. Rely/guarantee uses functional specification to symbolically describe the behavior of concurrently running threads: while each thread guarantees adherence to a specified property at any point in time, all other threads can rely on this property being established. This allows to regard threads largely in isolation--only w.r.t. an environment constrained by these specifications. While rely/guarantee based approaches often suffer from a considerable specification overhead, we complement functional thread specifications with frame conditions. We will explain our approach using a simple, but concurrent programing language. Besides the usual constructs for sequential programs, it caters for dynamic thread creation. We define semantics of concurrent programs w.r.t. an underspecified deterministic scheduling function. To formally reason about programs of this language, we int ... mehrroduce a novel multi-modal logic, Concurrent Dynamic Trace Logic (CDTL). It combines the strengthes of dynamic logic with those of linear temporal logic and allows to express temporal properties about symbolic program traces. We first develop a sound and complete sequent calculus for the logic subset that uses the sequential part of the language, based on symbolic execution. In a second step, we extend this to a calculus for the complete logic by adding symbolic execution rules for concurrent interleavings and dynamic thread creation based on the rely/guarantee methodology. Again, this calculus is proven sound and complete.