U.S. Stock Futures Are Lower After Yesterday's Gains

U.S. stock futures are lower. Pre-market action is moving slightly to the downside after yesterday’s gains. Treasury Yields are edging higher as markets are watching Jerome Powell speak at a Q&A session this morning.

European markets are trading lower after the ECB announced a 75 basis point rate hike as expected, while signaling further rate hikes in the near-future. Asian markets closed mixed.

Weekly jobless claims continued to decline for the forth straight week, coming in at 222k (vs. 240k expected).