Indices landed in the red zone on Thursday. Brands dipped amid global growth concerns and no United States-China trade deal in the immediate future. Companies including Sanofi, MD, and Cardinal Health reported quarterly earnings. On another note, initial jobless claims decreased last week. Department of Labor figures for the week ended February 2 showed new claims fell by 19,000 to 234,000. Continuing claims for last week jumped by 42,000 to 1.736 million. In M&A moves, SunTrust Banks and BB&T Corp. have agreed to a $66 billion all-stock merger deal. The combined effort will create the sixth-biggest commercial bank in the United States.