Wall Street was heading for another day of losses on Thursday, as a stronger dollar and slumping oil prices crimped the desire to invest ahead of the long Easter weekend.
The benchmarks were on track to break a five-week winning streak, with all of them down 0.6% on the week as of Wednesday's close.
A slump in oil prices after disappointing supply data hammered U.S. stocks lower in Wednesday's session further highlighting the strong correlation with oil prices that has persisted for the past several months.
A stronger dollar also worked against the stock markets, with the ICE Dollar Index rising for a fifth straight session and flirting with the highest level in more than a week. The greenback strength comes after upbeat comments from Federal Reserve members this week, which have rekindled speculation the central bank might soon raise interest rates again.