A.M. Update

S&P futures are down -0.25%. Fed Chair Powell will continue his semiannual monetary policy testimony before the Senate Banking Committee at 10:00 a.m. ET. I don’t expect any surprises that we didn’t already hear yesterday. Weekly initial jobless claims totaled 264,000 (consensus 259,000) following a revised 264,000 (from 262,00). The number of U.S. workers filing…