Not surprising this is happening a day after many states are in almost lockdown. Too many unknowns and lots of small business that lost their income. People are

Not surprising this is happening a day after many states are in almost lockdown. Too many unknowns and lots of small business that lost their income. People are fearful and they have good reasons. Clearly this cannot continue for too long. No one knows what will happen but I'm optimistic that like in South Korea and a couple of other places, next month things will get start looking better in Europa and US. FAANG companies should be fine too. They all have services that must be surging in demand. Amazon shopping, Netflix and FB usage, etc. Apple is likely to be the one most in trouble but they have so much cash they will survive. Ad spending will take a hit as companies wide down on spending, but should be only temporarily. Currently no one knows what will happen. But long term investors should sleep well at night.