Stock futures gain, Powell testimony, oil declines, gas slide continues: LIVE UPDATES

Breaking NewsNasdaq jumps 1.6%, Dow adds 195 points as bond yields retreatSymbolPriceChange%ChangeIYH$267.15+6.23+2.39%XLU$67.82+1.57+2.37%XLE$70.63 -2.74-3.73%All three of the major averages rose after Federal Reserve Chairman Jerome Powell said economic growth in the second quarter should remain solid even with inflation. Healthcare and utilities led the S&P’s gains, while energy companies fell nearly 4% in tandem with oil…