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

FMC plunges 33% on lower quarterly income projection

Uber decreases after assisting Q1 reservations listed below price quotes

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

(Updates with afternoon costs)

By Shashwat Chauhan and Sukriti Gupta

Feb 5 (Reuters) -

The S&P 500 and bphomesteading.com the Nasdaq slipped on Wednesday, with Alphabet the most significant drag after the tech giant's dour cloud revenue and large into expert system dissatisfied financiers, while a slew of earnings contributed to the volatility.

Google-parent Alphabet dropped 8.2% after publishing downbeat cloud profits development and allocating 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 perhaps doing it less expensive, much better, quicker, quicker," said Dave Grecsek, managing director in planning strategy and research study at Aspiriant.

"So what is the wisdom of continuing to maintain high capex?"

AI -related stocks were rocked last week following the soaring appeal of a low-cost Chinese synthetic intelligence model developed by startup

DeepSeek

. Nvidia, one of the companies that was the worst hit, bbarlock.com was up 3.8% on the day.

Advanced Micro Devices, meanwhile, lost 8.9% after CEO Lisa Su said the business's current-quarter data center sales - a proxy for kigalilife.co.rw its AI income - would fall about 7% from the previous quarter.

On the information front, timeoftheworld.date U.S. services sector activity unexpectedly slowed in January in the middle of cooling demand, assisting curb cost growth, a reading from the Institute for Supply Management showed.

Private payrolls rose by 183,000 tasks last month, compared to an approximated 150,000 increase, per financial experts polled by Reuters. The all-important January nonfarm payrolls report is expected to be launched on Friday.

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

At 11:33 a.m. ET, wiki.rolandradio.net the Dow Jones Industrial Average rose 65.83 points, or 0.15%, to 44,621.87, the S&P 500 lost 4.37 points, setiathome.berkeley.edu or 0.08%, rca.co.id to 6,033.51 and the Nasdaq Composite lost 70.17 points, or 0.34%, to 19,586.61.

Eight of the 11 S&P 500 sectors traded greater, though interaction services' over 3% fall obscured gains.

Uber Technologies dropped 7.2% after the ride-hailing company anticipated current-quarter reservations below price quotes.

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

Markets also tried to find advancements on the tariffs front after U.S. President Donald Trump said on Tuesday he remained in no hurry to talk to Chinese President Xi Jinping to try to pacify a brand-new trade war between the countries.

Richmond Fed president Thomas Barkin said the Fed was still leaning towards more rate cuts this year, however flagged uncertainty around the impact of new tariffs, immigration, regulations and other Trump administration efforts.

Among top movers, FMC Corp plunged 33.6% after the agrichemicals producer projection first-quarter revenue listed below price quotes.

Johnson Controls jumped 11.1% as the structure solutions company named Joakim Weidemanis as ceo and raised its 2025 earnings projection.

Advancing concerns outnumbered decliners by a 2.03-to-1 ratio on the NYSE and by a 1.6-to-1 ratio on the Nasdaq.

The S&P 500 posted 27 brand-new 52-week highs and 12 new lows, while the Nasdaq Composite tape-recorded 81 new highs and 69 brand-new lows.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru