US stocks trade with modest losses during opening hour

Major US equity indices opened with modest losses for the third straight session on Thursday as investors evaluate a trio of bank earnings - J.P. Morgan, Citigroup and Wells Fargo.

Market also continued reacting to Wednesday's remarks by the US President Donald Trump on the US Dollar and interest rates. In an interview to The Wall Street Journal, Trump said that the dollar "is getting too strong" and would prefer if the Federal Reserve kept interest rates low. 

Against the backdrop of heightened geopolitical tensions between the US and N. Korea, and the US relationship with Russia, Trump's comments fueled concerns about currency wars and drove investors away from riskier-assets - like equities.

At the time of reporting, the Dow Jones Industrial Average was down around 25-points to 20,565, while the broader S&P 500 Index dropped 2-points to 2,342. Meanwhile, tech-heavy Nasdaq Composite lost 3-points and fell to 5,832.

With major equity markets across the globe closed on Friday, in observance of Good Friday, the liquidity is likely to remain low on the last trading day of the week. Nevertheless, all the three major indices remain on track to post weekly losses.