US stock futures are trading lower after President Donald Trump commented that US and China have a long way to go towards finalizing a trade deal. His most recent comments on the ongoing trade negotiations have dented the sentiment in global financial markets, with DOW slipping lower after a four-day streak of closing in the green.

At the time of writing, Dow futures are trading at a little above 27335 after Trump hinted at the possibility of announcing more tariffs on Chinese goods. Previously, at the G20 summit, Trump and his Chinese counterpart had called for a truce in the trade war as negotiations were restarted between both sides.

The US earnings season is on in full swing, and there will be a lot of attention on leading companies like Bank of America, IBM, Morgan Stanley and Netflix due to release their EPS reports later today.