OPENING BELL: US stocks open modestly lower

The Associated Press
In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening modestly lower on Wall Street, Tuesday, April 11, 2017, led by declines in banks and energy companies. In earnings news, MTS Systems plunged after reporting earnings that fell short of analysts' estimates. THE ASSOCIATED PRESS

Stocks are opening modestly lower on Wall Street, led by declines in banks and energy companies.

Fifth Third Bancorp fell 1.2 percent and Capital One Financial also lost 1.2 percent. Chesapeake Energy fell 2.4 percent.

In earnings news, MTS Systems plunged 9 percent after reporting earnings that fell short of analysts' estimates.

The Standard & Poor's 500 index fell 5 points, or 0.2 percent, to 2,352.

The Dow Jones industrial average lost 24 points, or 0.1 percent, to 20,629. The Nasdaq composite gave up 14 points, or 0.3 percent, to 5,866.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 percent.