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 Defense officials react to Hegseth's Quantico meeting. Colorado wants to give 'peace of mind' on Hunter S. Thompson. Government shutdown is here. Here's what to expect. President asks nation's top generals to loosen up. Report an error