· Stocks fell on Wednesday as the corporate earnings season rolled on with companies like CSX and Bank of America releasing their quarterly numbers.

The Dow Jones Industrial Average dropped 115.7 points, or 0.42%. The S&P 500 slid 0.65% to 2,984.42. The Nasdaq Composite closed 0.46% lower at 8,185.21.

Stocks closed at their lows of the day just after the Wall Street Journal reported that progress on a trade deal with China are stalled over restrictions on Huawei, citing people familiar with the talks.

Railroad giant CSX posted weaker-than-forecast quarterly results, sending its stock down more than 10% in its biggest one-day drop since 2008. The company also said it expects full-year revenue to fall between 1% and 2%. CSX’s decline pushed the Dow Transports down 3.6%.

· European stocks lost value by the end of trade Wednesday as trade concerns continued to weigh on global markets while earnings season gathered pace.

The pan-European Stoxx 600 provisionally traded 0.36% lower during the session, with oil and gas stocks slipping almost 2% but food and beverage stocks clawing a 0.5% rise.

Market focus early Wednesday was largely attuned to the U.S.-China trade spat. President Donald Trump on Tuesday said that the U.S. and China still have a “long way to go” on trade, adding that Washington could slap tariffs on an additional $325 billion in Chinese goods “if we want.”

Euro zone inflation year-on-year for June came in slightly higher than initially forecast on Wednesday at 1.3%, but both headline and underlying inflation rates remain below the improvement sought by the ECB, which targets a rate of just below 2%.

· Stocks in Asia traded lower on Thursday morning following an overnight slip on Wall Street, as investors await the release of Australian employment data.

The Nikkei 225 fell 0.79% as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc declined. The Topix also shed0.76%.

Data from the Ministry of Finance released prior to the market open in Tokyo showed Japan’s exports falling 6.7% in June as compared to a year ago, against expectations of a 5.6% decline from economists in a Reuters poll.

South Korea’s Kospi declined 0.28% as shares of Celltrion dropped 1.63%.

In Australia, the S&P/ASX 200 traded 0.19% lower. Shares of miner South32 rose 0.5% after the firm reported a 69% surge in its full-year coking coal production, besting analyst estimates.

Investors will be watching out for the release of Australian jobs data, set to be released at 9:30 a.m. HK/SIN.

Apple supplier Taiwan Semiconductor Manufacturing Company is also set to release earnings on Thursday.

Reference: CNBC, Reuters