(Adds details, comments, updates prices)
* Trump says dollar getting too strong
* JPMorgan, Citi up on profit beat
* Wells Fargo down as profit slips
* Futures down: Dow 31 pts, S&P 5.5 pts, Nasdaq 9.75 pts
By Yashaswini Swamynathan
April 13 U.S. stocks looked set to open lower on
Thursday, following President Donald Trump's remarks on the U.S.
dollar and interest rates, while investors assessed bank
Shares of JPMorgan and Citigroup rose about
0.4 percent premarket after the two banks reported quarterly
profits that beat analysts' expectations.
However, Wells Fargo slipped 1.2 percent at $52.49
after reporting a slight drop in quarterly profit.
The results come after a frenetic rally in bank shares that
started in November on bets that President Donald Trump would
rein in banking regulations and introduce other business
"Investors will (be) faced with another day of market
uncertainties as bank earnings, geopolitical worries and Trump's
comments on the greenback are being reflected in the volatility
index that is flashing trouble ahead," Peter Cardillo, chief
market economist at First Standard Financial, wrote in a note.
The dollar, already suffering from a risk-off mood in the
market amid geopolitical tensions, hit its lowest level this
month after Trump told the Wall Street Journal on Wednesday that
the currency "was getting too strong" and that he would like to
see interest rates stay low.
Gold, which has become the preferred asset this week
as investors sought safe havens, was up 0.11 percent and
continues to trade at its highest level since November.
Dow e-minis were down 31 points, or 0.15 percent at
8:30 a.m. ET, with 32,649 contracts changing hands.
S&P 500 e-minis were down 5.5 points, or 0.23
percent, with 226,755 contracts traded.
Nasdaq 100 e-minis were down 9.75 points, or 0.18
percent, on volume of 36,779 contracts.
Bank of America and Goldman Sachs are due to
report results next week.
Shares of Applied Optoelectronics jumped nearly 23
percent to $50.15 after the company said it expected
first-quarter earnings to exceed its forecast.
Trading volumes could be lower than usual on Thursday ahead
of the Good Friday holiday.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by