The turn of the month isn't working out too well for US stocks, with tech shares coming back under some pressure yesterday again. It was a poor showing in June for big tech, with the Magnificent Seven posting its worst collective month on record. Hyperscalers are being punished as investors are in the show me the money phase in demanding results to back the tens of billions on AI capital expenditures.So, is that theme going to continue into July?For now, the market mood is certainly fairly nervous. S&P 500 futures are down 0.1% with Nasdaq futures down 0.4% on the day. Dow futures are at least holding up, seen higher by 0.2% currently.But in closing out the week, all eyes will be on the US jobs report to come later. That will set the tone for how things will play out ahead of the long weekend.As a reminder, the US bond market will close early today but the stock market will at least keep open as per normal in the day ahead. However, both markets will be closed tomorrow in the run up to the Independence Day holiday.Looking to pre-market, Nvidia is down 1%, AMD down 1.8%, Intel down 1.9%, Micron down 2.2%, Western Digital down 3.3%, and Sandisk down 3.4% ahead of the open. The crunch seems to be on semiconductor and hardware this time around, but it seems like they and software/hyperscalers are just taking turns to bear the brunt of the selloff.As for the rest of the big tech, the mood is more mixed with Meta up 0.2% after the impressive surge yesterday while Alphabet is down 0.8% in matching the rest of the broader drift in tech stocks. This article was written by Justin Low at investinglive.com.