The market is building on yesterday's gains with the S&P 500 and Nasdaq nearing the best levels of the session. Today’s positive tone comes from Fed Powell’s testimony in Congress, which did not produce any surprise headlines, and Powell echoing yesterday’s comments.

Semiconductors are back in charge with the PHLX Semiconductor Index (SOX) trading at a higher price than the S&P 500 for the first time.

Shares of Alphabet (GOOG), Meta Platforms (META) and Microsoft (MSFT) all show sizable gains and boosting sectors such as Communication Services and Technology. Financials and Real Estate are the only sectors in red.

All eyes on the jobs report tomorrow.