Markets Are Barely Budging After The Ugly GDP Report

We’re a bit taken aback by the newly released revisions to Q1 GDP.

GDP growth was slashed to 1.8% from a previous reading of 2.4%.

Personal consumption growth was cut to 2.6% from 3.4%.

For now, markets are taking it in stride and barely budging.

Dow futures are up 60 points.

S&P 500 futures are up 9 points.

The U.S. 10-year Treasury yield is sitting at 2.52%.

Here’s a look at Dow futures since yesterday’s close.

 

futures

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