STOCK MARKET TODAY Dow Jones Futures Volatile After Coronavirus Stock Market Crash Accelerates; San Francisco Goes On Lockdown, But Tesla Fremont Plant 'Essential'; Amazon Hiring Dow Jones futures rose in volatile fashion Tuesday, along with S&P 500 futures and Nasdaq futures. The coronavirus stock market crash tumbled to fresh lows Monday, with the Dow Jones and S&P 500 suffering the worst daily losses since 1987.Tesla(TSLA),Amazon.com(AMZN),ZTO Express(ZTO), Coupa Software(COUP) and Roku(ROKU) are in focus overnight. that the market is plunging. San Francisco and several Bay Area counties Monday afternoon ordered residents to "shelter in place" and for everyone to work at home or not at all, except for those providing "essential" services. President Donald Trump said Americans should avoid gatherings of more than 10 people. Trump said the worst of the coronavirus outbreak may last until August and conceded that the U.S. may be headed for a recession. The San Francisco Bay Area lockdown and national guidelines signal a rapid escalation of government and business efforts to halt the coronavirus spread via restrictions that will slam the brakes on economic activity. President Trump said the focus for now must be on halting Covid-19. The Bay Area lockdown apparently does not apply to the Tesla Fremont plant. Alameda County has deemed Tesla's main electric vehicle plant an "essential" business during the coronavirus pandemic. Tesla stock has been plunging. Meanwhile, Amazon is hiring 100,000 warehouse and delivery workers to deal with the flood of online orders and will provide a temporary pay hike. Alibaba-backed Chinese shipping giant ZTO Express and business expense software maker Coupa Software reported earnings after the close. ZTO Express earnings offer some insight intoAlibaba(BABA), China e-commerce and the broader Chinese economy as the country slowly recovers from China's coronavirus outbreak. Roku stock extended heavy losses overnight on word of a big block sale. Dow Jones Futures Today Dow Jones futures rose 2.3% vs. fair value in very active trade. S&P 500 futures climbed 2.4% vs. fair value. Nasdaq 100 futures advanced 2.1%. Futures overnight briefly were "limit up," with the S&P 500 rising 5%, preventing index futures to climb further. It's the second time that S&P 500 futures were "limit up" in the past week. Futures were limit down Sunday night/Monday morning, the third time in the past week that's happened. Needless to say, Dow Jones futures have been extremely volatile during the coronavirus stock market crash. Remember that overnight action in Dow futuresand elsewhere doesn't necessarily translate into actual trading in the next regularstock marketsession. Eight member banks of the Financial Services Forum will tap the Federal Reserve's discount window to ease the stigma of requesting funds. The banks, which includeMorgan Stanley(MS),JPMorgan Chase(JPM),Bank of America(BAC), andCitigroup(C), recently agreed to suspend buybacks through mid-year. Join IBD experts as they analyze the coronavirus stock market crash and possible leaders for the next uptrend on IBD Live. Coronavirus News The number of confirmed coronavirus cases has topped 186,900, with 7,477 deaths. Not only are the number of new Covid-19 cases and deaths rising, but the daily percentage gains are accelerating. U.S. cases jumped to 4,743, with 93 deaths. The vast majority of coronavirus cases in the U.S. were discovered in the last few days. Coronavirus testing in the U.S. is ramping up from a low base in recently days, and are expected to accelerate sharply in the next several days. The city of San Francisco and six Bay Area counties became the first major metro area to effectively lock down its citizens. Residents can still shop for groceries and other supplies. But they'll be barred from working unless they can do so at home. The three-week order allows people to leave their home for "outdoor activities," but only if they adhere to social distancing. While the Bay Area lockdown is a U.S. first, a growing number of states and cities have closed schools and shut down restaurants, bars and gyms. A slew of companies are closing or slowing operations, including retailers, casinos and airlines. Until new cases start to level off and decline, it's hard to imagine that governments, businesses and even consumers would consider gradual steps to normalcy. Once the tide turns, investors can start to price in an economic recovery. The Federal Reserve on Sunday slashed interest rates to zero and began a new quantitative easing program of at least $700 billion. That didn't halt the coronavirus stock market crash on Monday. Fiscal policy, in the form of targeted aid for affected workers or industries as well as broader stimulus, may be better suited to help limit any coronavirus downturn and to revive growth. The House on Monday passed a bill that will provide free coronavirus testing, paid leave for affected workers, enhanced jobless benefits, expanded food stamps aid and increased Medicaid funding. Some Republications have objections to various provisions. The Trump administration has urged passage. Treasury Secretary Steven Mnuchin will meet with GOP Senators for lunch Tuesday. Much-larger stimulus packages will come later. Senate Majority Leader Chuck Schumer, D-N.Y., proposed $750 billion in stimulus. The Trump administration reportedly is looking at an $850 billion package and is mulling airline industry aid. Italy reported 3,233 new coronavirus cases and 349 new deaths on Monday, for a total of 27,980 cases and 2,158 Covid-19 deaths. That's a terrifying 7.7% coronavirus death rate. Spain now has more than 11,000 Covid-19 infections. Germany has 7,588 coronavirus cases and France 6,633. Much-smaller Switzerland has more than 2,350 cases. Switzerland declared a state of emergency, closing all restaurants, bars, cafes and shops and banning all public and private events. That follows aggressive moves by Italy, Spain and France. The U.K., Netherlands, Sweden, Norway, Belgium and Austria all have more than 1,000 cases each. Fiat Chrysler(FCAU) and Volkswagen(VLKAY) are shutting down most European plants. Renault is closing a Spanish plant.Airbus (EADSY) is closing its French and Spanish plants. Meanwhile, Iran has topped 16,000 cases with nearly 1,000 fatalities, according to official figures. But a WHO official said the actual number could be five times higher. Coronavirus Bear Market The coronavirus bear market plunged to new lows Monday as coronavirus cases soared — and governments and businesses took more-aggressive measures to halt the spread that will hit economic activity. The Dow Jones Industrial Average plunged 12.9% and the S&P 500 lost 12%, its worst decline since the 1987 stock market crash. The Nasdaq composite plummeted 12.3%, its worst day ever. The Dow Jones hit a three-year low. The S&P 500 index is just above its December 2018 bottom, while the Nasdaq is at a 14-month low. Among the best ETFs, the Innovator IBD 50 ETF (FFTY) tumbled 12.8%. The iShares Expanded Tech-Software Sector ETF (IGV) fell 11.8%. The VanEck Vectors Semiconductor ETF (SMH) plunged 14.1%. Tesla Fremont Plant To Stay Open The Tesla Fremont plant is in the San Francisco Bay Area and within Alameda County. Alameda ordered to halt all business activity that is not "essential." However, there is an exception for "auto-supply, auto-repair and related facilities." Alameda County reportedly confirmed that Tesla will be allowed to say open. Tesla CEO Elon Musk told employees via an email that the Fremont plan will open. Musk said that any worker "if you feel the slightest bit ill or even uncomfortable, please do not feel obligated to come to work." Musk continued to minimized what he described as "coronavirus panic" The Tesla Fremont plant is the main auto assembly facility for the electric-vehicle maker, serving the U.S., Europe and most other markets. The Shanghai Tesla plant is still ramping up output and only makes Model 3 vehicles for China deliveries. Even a three-week halt to Fremont plant activity would have been be a major blow for Tesla's finances as the company tries to become consistently profitable. The coronavirus outbreak first slammed auto production and sales in China. Now it's likely hurting sales in the U.S. and especially Europe. U.S. revenue already was falling in Q3-Q4 2019. Meanwhile, electric-vehicle competition is heating up in Europe, where tough emissions rules are spurring automakers to introduce a slew of EV models. Also on Monday, Musk said that the first Tesla Model Y vehicle had been delivered. The Model Y is touted as a crossover, but looks remarkably like the Model 3 sedan. Musk has never revealed the number of Tesla Model Y reservations. Tesla Stock Nears 420 'Funding Secured' Tesla stock plunged nearly 19% on Monday to 445.07. That's 54% below the TSLA stock peak of 968.99 set on Feb. 4. Tesla stock fell 1% before Tuesday's open. Tesla stock is coming very close to falling back to the psychologically important 420 level. That's the Tesla stock price that Elon Musk claimed to have "funding secured" for a private buyout back in 2018. Tesla stock first passed 420 for real in late 2019, powering above that level in 2020. It's likely that Tesla stock bulls and bears would fight hard in the trading pits and on Twitter over 420. Amazon Hiring Boom Amazon says it seeks to hire 100,000 warehouse and delivery employees to keep up with the crush of online orders during the coronavirus outbreak. The e-commerce giant also will temporarily offer $2-per-hour raises. It's a welcome economic boost, especially as many service workers find themselves out of a job with restaurants, bars, retail and more closing. Amazon stock fell 5.4% to 1,689.15 on Monday, but that was much better than the broader market. The relative strength line for Amazon stock hit a record high, signaling outperformance vs. the S&P 500 index. But while Amazon stock is relatively strong, it's been an absolute loser. AMZN stock is 23% off its Feb. 11 peak and hit a 52-week low intraday Monday. In overnight trading, Amazon stock rose 4%. ZTO Express Earnings ZTO Express earnings rose 25% to 30 cents a share. Revenue grew 20% to $983.4 million. Analysts expected ZTO Express earnings of 29 cents on sales of $957.14 million. ZTO Express stock dipped 1% overnight. ZTO stock fell 1.9% to 25.12 on Monday, holding support at its 50-day line. Last week, ZTO Express stock hit a record high. Not surprisingly, the RS line for ZTO stock is at a record high. Chinese e-commerce plays, and some other U.S.-listed China stocks, have held up relatively well during the coronavirus crisis. Coupa Software Earnings Coupa Software earnings shot up 320% to 21 cents a share adjusted, while revenue grew 49% to $111.5 million. Wall Street expected Coupa earnings of 5 cents a share on revenue of $102.4 million. Guidance was mixed, but may have been good enough in the coronavirus environment. Coupa Software stock rose 7% before the open. COUP stock fell 9.3% to 109.57 on Monday, hitting a nine-month closing low. The RS line for Coupa Software stock has been weak. Roku Stock Roku stock fell 9% before the open on reports that Morgan Stanley was managing a sale of 6 million shares. The streaming media platform and device maker was a huge 2019 stock market winner. Roku is seen as a winner in the streaming media boom, and arguably should prosper from people staying home in the coronavirus crisis. But Roku stock has lost 64% from its September peak, with nearly all of that in the last few weeks. Roku stock plunged 21% to 63.84 on Monday alone. Roku stock has now wiped out all its gains from its May 2019 breakout. Coronavirus Stock Market Crash Course The Dow Jones today and the other major indexes undercut Friday's lows. That means the one-day stock market rally attempt is over. It's a reminder that the best days in stock market history come in bear markets or corrections. That's why it's important to wait for a follow-through day to confirm a new stock market rally. Even then, be cautious. Bear markets often have multiple failed confirmed stock market rallies before a new uptrend truly takes hold. Read The Big Picture every day to stay in sync with the stock market direction. Keep working on watchlists. Focus on names with strong relative strength lines such as ZTO Express stock and Amazon stock. Please follow Ed Carson on Twitter at@IBD_ECarson for stock market updates and more. https://www.investors.com/market-tr...down-tesla-fremont-plant-close-amazon-hiring/