U.S. stocks were priming for more losses on Friday as traders await the key non-farm payrolls report. Tech stocks could again take the brunt of the selling amid some sector-specific concerns and the ongoing rotation out of the sector. Against the backdrop, the payroll data could be a make-or-break catalyst for the market. Quincy Krosby, Chief Global Strategist at LPL Financial, said if the payroll report sees the unemployment rate rising despite an increase in the participation rate, the Fed is going to have a lot of explaining to do as officials hit the airwaves with their opinions. Futures Performance (+/-) Nasdaq 100 -1.68% S&P 500 -1.10% Dow -0.84% R2K -1.86% In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) moved up 0.31% to $547.16, and the Invesco QQQ ETF (NASDAQ:QQQ) rose 0.48% to $473.35, according to Benzinga Pro data. The CBOE volatility index, aka VIX, spiked about 10% and breached the 20 mark for the first time since Oct. 2023. Cues From Last Session: The major averages pulled back sharply on Thursday, as traders reacted to the Institute for Supply Management’s weak manufacturing purchasing managers’ index and a spike in weekly jobless claims. The ISM manufacturing PMI for July fell to the weakest since November 2023, signaling a steeper contraction than in July. The 10-year bond yield dipped below the 4% threshold following the data. After opening slightly higher, thanks to a positive reaction to Meta Platform, Inc.’s (NASDAQ:META) ...