"People are more nervous this week than most, " said Rick Fier, director of equity trading at Conifer Securities.

WSJ: Dow Posts Fourth Straight Decline

"People got caught off guard a little yesterday, but I'm not sensing panic anywhere, " said Rick Fier, director of equity trading at Conifer Securities.

WSJ: U.S. Stocks Join Global Slide

"This morning's economic number didn't help at all, but markets were already lower on the back of Cyprus news, " said Rick Fier, director of equity trading at Conifer Securities.

WSJ: Stocks Jump for Week Despite Loss Friday