U.S. Stock Futures Are Lower After Yesterday's Broad Market Rally
U.S. stock futures are lower. U.S. Equity Markets are slightly lower this morning after yesterday’s broad market rally in wake of the Fed announcement of a 75 basis point hike. Treasury yields are lower. Initial reads on Q2 GDP came in lower than expected at -0.9%, indicating a contraction in real economic growth for the second consecutive quarter. Initial Jobless Claims came in at 256k, lower than last week’s read but above estimates of 250k.