US STOCKS-S & P 500, Nasdaq Fall As Earnings Season Gathers Speed;

FMC plunges 33% on lower quarterly income projection

Uber declines after guiding Q1 reservations listed below quotes

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Indexes: Dow up 0.15%, sitiosecuador.com S&P 500 down 0.08%, Nasdaq down 0.34%

(Updates with afternoon rates)

By Shashwat Chauhan and Sukriti Gupta

Feb 5 (Reuters) –

The S&P 500 and the Nasdaq slipped on Wednesday, with Alphabet the most significant drag after the tech giant’s ugly cloud profits and significant financial investments into expert system disappointed financiers, while a multitude of revenues added to the volatility.

Google-parent Alphabet dropped 8.2% after publishing downbeat cloud revenue development and earmarking a higher-than-expected $75 billion for its AI buildout this year.

„The market has some proof to suggest that there are other business that potentially doing it more affordable, better, faster, quicker,“ said Dave Grecsek, managing director in preparation method and research at .

„So what is the knowledge of continuing to maintain high capex?“

AI-related stocks were rocked last week following the soaring popularity of a low-cost Chinese expert system design developed by start-up

DeepSeek

. Nvidia, among the business that was the worst hit, was up 3.8% on the day.

Advanced Micro Devices, meanwhile, utahsyardsale.com lost 8.9% after CEO Lisa Su said the business’s current-quarter information center sales – a proxy for its AI profits – would fall about 7% from the previous quarter.

On the data front, U.S. services sector activity suddenly slowed in January amid cooling demand, assisting curb price growth, a reading from the Institute for Supply Management revealed.

Private payrolls increased by 183,000 jobs last month, compared with an approximated 150,000 boost, per economic experts polled by Reuters. The critical January nonfarm payrolls report is anticipated to be launched on Friday.

Shares of Apple alleviated 1.2% as Bloomberg News reported that China’s antitrust regulator was getting ready for a possible examination of the iPhone maker.

At 11:33 a.m. ET, the Dow Jones Industrial Average increased 65.83 points, or 0.15%, to 44,621.87, the S&P 500 lost 4.37 points, or 0.08%, to 6,033.51 and the Nasdaq Composite lost 70.17 points, or kenpoguy.com 0.34%, to 19,586.61.

Eight of the 11 S&P 500 sectors traded greater, pattern-wiki.win though interaction services’ over 3% fall obscured gains.

Uber Technologies dropped 7.2% after the ride-hailing company forecast current-quarter bookings listed below quotes.

Fiserv advanced 7.1% as the payments company beat estimates for fourth-quarter revenue, assisted by strong demand in its banking and payments processing unit.

Markets also searched for advancements on the tariffs front after U.S. President Donald Trump said on Tuesday he remained in no hurry to speak with Chinese President Xi Jinping to try to defuse a new trade war between the nations.

Richmond Fed president Thomas Barkin said the Fed was still leaning towards more rate cuts this year, but flagged uncertainty around the effect of brand-new tariffs, immigration, guidelines and other Trump administration initiatives.

Among top movers, FMC Corp plunged 33.6% after the agrichemicals producer forecast first-quarter income below quotes.

Johnson Controls leapt 11.1% as the building solutions business called Joakim Weidemanis as ceo and raised its 2025 revenue projection.

Advancing problems surpassed decliners by a 2.03-to-1 ratio on the NYSE and users.atw.hu by a 1.6-to-1 ratio on the Nasdaq.

The S&P 500 posted 27 brand-new 52-week highs and forum.batman.gainedge.org 12 brand-new lows, while the Nasdaq Composite taped 81 brand-new highs and 69 brand-new lows.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Devika Syamnath and Maju Samuel)