Brief Recap and Updates on the MarketsPremarket activity and things to watch ThursdayStocks in the News - FB, TWTRMarkets ended modestly down on Wednesday after the FED raised rates by 25 basis points. Immediately following the announcement the market experienced sharp price swings.News to keep in mind Thursday morning: Markets are showing large losses in pre-market trading. At 8:45am EST - Dow futures vs fair value: -250.00. S&P futures vs fair value: -26.00. Nasdaq futures vs fair value: -88.00. President Trump is set to officially announce tariffs on Chinese imports later today, sparking renewed concerns over a possible trade war.On the SPY chart below it is important the SPY holds the support line near 270. The MACD lines have crossed downward and should be watched. The stochastics are currently pointed in a downward direction.Nasdaq Composite: +6.4% YTDS&P 500: +1.4% YTDDow Jones Industrial Average: -0.2% YTDRussell 2000: +2.9% YTDSocial Media stocks are still under pressure on the prospects of increased regulation in Europe. It is reported monthly active users could drop off for Facebook $FB and Twitter $TWTR. Facebook's response to the latest data security issue is being seen as inadequate. In a case of bad timing, it is reported Twitter's chief information security officer Michael Coates is leaving the company. His duties included protecting data, dealing with foreign meddling, bots, and fake accounts. Both Facebook and Twitter are trading lower in pre-market trading Thursday.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.