The markets have fallen a bit in the overnight/early morning sessions, as fear about the economic impact of the virus has returned. Many more cases have started to turn up abroad and here in the U.S. As new cases are reported, more and more travel restrictions will be put into place. Currently the S&P 500 is down 62 points, Nasdaq is down 175 points, Dow futures are down 524 points and the Russell 2000 is down 27 points.
On the calendar: Jobless claims at 8:30am.
Stocks to watch: ZM, MRNA, FEYE, CIEN
A look at the chart: NQ has sold off in the overnight session as fear has returned. NQ is now trading below the 20 day sma. We need to break this level to move higher, if not we are trading lower for todays session. Look to 8600 for support.