Money | stock market Banks Lead Stock Slump Thursday US stocks pull back from record highs By Newser Editors and Wire Services Posted Mar 2, 2017 3:15 PM CST Copied Traders follow the IPO for Snap Inc. at the New York Stock Exchange, Thursday, March 2, 2017. (AP Photo/Richard Drew) Banks and other financial companies led stocks lower on Wall Street a day after indexes soared to their latest record highs, the AP reports. Citizens Financial slumped 3.9% Thursday. Banks had soared a day earlier as investors hoped that higher interest rates would help them earn more from lending. Energy companies fell along with the price of crude oil. Devon Energy lost 2.6%. Shake Shack fell 2.6% after its sales missed estimates. The Dow Jones industrial average fell 112 points, or 0.5%, to 21,002. The Standard & Poor's 500 index lost 14 points, or 0.6%, to 2,381. The Nasdaq composite fell 42 points, or 0.7%, to 5,861. Read These Next 11 people hurt in a "brutal act of violence" in Michigan. A parent's nightmare, in a white cardboard box. We knew Letterman would pipe up about Colbert eventually. The humans survived this flight; the deer on the ground didn't. Report an error