U.S. Stock Futures Are Lower After Yesterday's Broad Market Rally

United Asset Strategies |

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.