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  "path": "/money/us-tech-stocks-suffer-worst-month-in-year",
  "publishedAt": "2026-02-27T22:33:40.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Major bank faces £600million hit after UK mortgage lender collapses",
    "Rachel Reeves urged to approve £1bn defence contract or face 3,000 job losses: 'Biblical!'",
    "Ed Miliband's Net Zero deal with China opens door to more wind farms: ‘Security will be undermined!'",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nUS technology stocks are heading for their worst month in almost a year as mounting fears over artificial intelligence and rising tensions between Washington and Tehran rattle investors.\n\nThe Nasdaq Composite fell 0.8 per cent on Friday, taking its losses in February to nearly 3.5 per cent, while the S&P 500 slipped 0.6 per cent.\n\n###\n\n\n\n\nBoth indices are on course to record their weakest week since March 2025, when tariff threats from US President Donald Trump unsettled global markets.\n\nInvestors have been unsettled by concerns advances in artificial intelligence (AI) could disrupt industries ranging from software to insurance and wealth management, fuelling volatility across the technology sector.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nAnalysts at Bank of America said the recent sell-off had been “driven by a bearish narrative that AI would eliminate most white-collar jobs and eventually lead the economy into collapse”.\n\nThey added the narrative was “at odds with sound economic theory” but warned that crowded positioning in technology shares was amplifying price swings.\n\nAt the same time, geopolitical tensions have added to the pressure on risk assets, with investor anxiety rising over the possibility of a US military strike on Iran.\n\nThe international oil benchmark Brent crude climbed 2.8 per cent to $72.70 a barrel on Friday as traders reacted to reports that Washington had authorised the departure of non-emergency staff from Israel.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThe US has assembled its largest military build-up in the region since the 2003 Iraq war and Mr Trump has warned strikes could follow if negotiations over Iran’s nuclear programme fail.\n\nThe flight from equities has supported demand for safe-haven assets, pushing US government bonds higher.\n\nThe 10-year Treasury yield fell 0.04 percentage points to 3.97 per cent, dropping below 4 per cent for the first time since November and marking the strongest month for Treasuries in a year.\n\nEdward Al-Hussainy, portfolio manager at Columbia Threadneedle, said: “When the going gets tough and investors need liquidity and safety against risk, the asset that performs best is US Treasuries.”\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Major bank faces £600million hit after UK mortgage lender collapses\n  * Rachel Reeves urged to approve £1bn defence contract or face 3,000 job losses: 'Biblical!'\n  * Ed Miliband's Net Zero deal with China opens door to more wind farms: ‘Security will be undermined!'\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nTechnology companies have also faced scrutiny over the scale of capital expenditure on artificial intelligence infrastructure and uncertainty about when that spending will translate into higher profit margins.\n\nShares in Nvidia fell more than 2 per cent on Friday, extending a 5.5 per cent decline the previous day despite the chipmaker reporting stronger than expected revenues and profits earlier in the week.\n\nRushabh Amin, fund manager at Allspring Global Investments, said: “Capex intensity is under scrutiny and earnings are no longer being rewarded as they were.”\n\nSoftware stocks were also under pressure, with Workday dropping more than 6 per cent on Friday and bringing its losses for the year to close to 40 per cent.\n\n###\n\n\n\n\n###\n\n\n\n\nPrivate capital groups exposed to the sector saw further declines after a large credit fund managed by KKR reported a rise in troubled loans and lower investment income.\n\nKKR, Ares Management and Apollo Global Management all fell more than 5 per cent, while Blackstone declined 3.3 per cent.\n\nFresh economic data added to market uncertainty after the Bureau of Labor Statistics reported that the producer price index for final demand rose 0.5 per cent in January, above expectations of 0.3 per cent.\n\nThe core measure, which excludes food and energy, increased 0.8 per cent month on month compared with forecasts of 0.3 per cent, reinforcing concerns about persistent inflationary pressures.\n\nAltaf Kassam, head of investment strategy for Europe at State Street Investment Management, said: “The PPI print was a confirmation of the market’s bad mood because it locks in rate uncertainty just when the market was becoming comfortable with easing inflation and a weakening but not collapsing jobs market.”\n\n###\n\n\n\n\n**Our Standards:The GB News Editorial Charter**",
  "title": "US stocks on course for biggest slide since April amid Iran tensions"
}