US STOCKS-Futures slip as tech rally pauses; economic data awaited

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* Futures down: Dow 0.15%, S&P 0.38%, Nasdaq 0.90%

By Medha Singh
Sept 3 (Reuters) - U.S. stock index futures dipped on
Thursday as a rally in technology stocks cooled and investors
looked forward to data on weekly jobless claims as well as
business surveys for more clarity on the path to economic
recovery.
Shares of Apple Inc AAPL.O , Adobe Inc ADBE.O , Nvidia
Corp NVDA.O and Netflix NFLX.O , which have soared more than
70% this year, slipped about 2% each in premarket trading.
Tesla Inc TSLA.O tumbled 6.6%, falling for the third
session after announcing a $5 billion stock offering.
Wall Street has rallied in recent weeks with the S&P 500 and
Nasdaq hitting new closing highs, driven by the strength in
tech-focused companies and unprecedented fiscal and monetary
stimulus measures.
The Nasdaq has surged about 80% from its March 23 lows and
the S&P 500 and Dow have gained about 60% from their lows. The
blue-chip Dow needs to add another 1.2% to surpass its
pre-crisis high hit in February.
Data on Thursday is likely to show the number of Americans
filing for weekly jobless claims remained elevated in the latest
week, but dipped below the 1 million mark. Separately, reading
on ISM's services index probably edged lower to 57 in August
from 58.1.
The pivotal monthly payrolls report by the Labor Department
is set for release on Friday.
Signs that the U.S. economic recovery is faltering has
raised concerns about depleting federal aid. Investors are
hopeful that the next fiscal coronavirus relief bill could be
unveiled in the coming days.
PVH Corp PVH.N rose 2.5% after Calvin Klein owner posted a
surprise quarterly profit, boosted by strong online demand for
comfortable and casual clothing during the coronavirus-led shift
to work from home. At 6:11 a.m. ET, Dow e-minis 1YMcv1 were down 43 points,
or 0.15%. S&P 500 e-minis EScv1 were down 13.5 points, or
0.38% and Nasdaq 100 e-minis NQcv1 were down 111.75 points, or
0.9%.