End of the bank rally brings stocks down

After days of rallying, the market decided that bank stocks had gone too far. With no first quarter earnings out, the fact is that the current quarter could still be tough. Financial shares could still reset lower. And the market reacted accordingly.

The Dow fell 122.42 points, or 1.65 percent, to close at 7,278.38, and the S&P and Nasdaq were also down by roughly the same margin. Oil fell one percent to $51.06, and gold was down slightly to $955.80.

Notable movers from today's session include: