Brief Recap and Updates on the MarketsPremarket activity and things to watch FridayStocks in the News - MU The markets got clobbered down Thursday on trade war fears. President Trump officially imposed tariffs of up to $60 billion against Chinese imports. The financial sector of the market was weak as Treasury yields moved lower. Traders are still reacting to Wednesday's policy issued by the Fed. News to keep in mind Friday morning: Markets are showing small losses in pre-market trading. The VIX is up another 3% near 24.At 7:45am EST - Dow futures vs fair value: -88.00. S&P futures vs fair value: -9.00. Nasdaq futures vs fair value: -49.00.Shares of Micron Technology are trading lower even after great earnings results.Social Media stocks are still under continued pressure Today's Economic Calendar: 8:10 Fed's Bostic Speech8:30 Durable Goods10:00 New Home Sales1:00 PM Baker-Hughes Rig Count On the SPY chart below it is important the SPY holds the lower support line near 262.80. The MACD lines have crossed downward and should be watched. The stochastics are currently pointed in a downward direction. Nasdaq Composite: +3.8% YTDS&P 500: -1.1% YTDDow Jones Industrial Average: -3.1% YTDRussell 2000: +0.6% YTD Shares of Micron Technology $MU are down over -4% in premarket trading after reporting earnings results after the close on Thursday. The numbers were great but were already priced in. Many analysts this morning are reiterating their ratings with some raising their price targets on the stock. It was a beat and raise quarterly report. $MU, Micron Technology, Inc. / H1 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.Vote on "Will AMD Always be 2nd Place?"