(CNBC) -- Stocks fell on Thursday amid criticism of the Federal Reserve by President Donald Trump. A decline in bank shares also pushed the broader market down.
The Dow Jones Industrial Average dropped 134.79 points to close at 25,064.50, with Travelers Cos. and American Express lagging. The S&P 500 slipped 0.4 percent to 2,804.49, with financials dropping more than 1 percent. The Nasdaq Composite also pulled back 0.4 percent to 7,825.30.
In an exclusive interview with CNBC's Joe Kernen, Trump said he was not thrilled the Fed was raising rates. “Because we go up and every time you go up they want to raise rates again. I don't really — I am not happy about it. But at the same time I’m letting them do what they feel is best.”
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