Wall Street is coming off a losing session as the July jobs report looms.
Nasdaq heads toward best week since May with semiconductors +5%; futures remain positive ahead of July employment data (83k expected). Chip sector rally signals renewed tech confidence; Fed's September rate decision will impact tech M&A financing costs.
Stocks rallied on Tuesday as the S&P 500 and the Dow Industrials closed at new records.
Futures pointed higher Friday morning as traders awaited payrolls data, with the Nasdaq on pace for its best week since May