Tech stocks are under pressure as investors brace for the latest U.S. labor-market data. Nasdaq 100 futures are slipping, following a sharp sell-off in Asian chip stocks. This volatility comes as traders await the monthly jobs report, which was moved earlier due to the Independence Day holiday.

Economists anticipate the U.S. added more than 100,000 jobs in June. Such a result would mark the longest streak of growth since early 2024. Premarket trading shows losses for Nvidia and Micron, while Kioxia also slid after recently becoming the highest-valued company in Japan.

Other assets are shifting rapidly. Brent crude futures have fallen to levels not seen since the week before the U.S. attack on Iran. Meanwhile, the yen strengthened against the dollar after hitting a 40-year low, leading traders to watch for potential intervention by Japanese authorities.

These mixed signals across currencies and commodities create a tense environment. Market participants are prioritizing the 8:30 a.m. ET data release to determine their next move. Current price action indicates a broad retreat from high-growth tech assets and energy.