US STOCKS S & P 500, Nasdaq Fall As Earnings Season Gathers Speed - zubtalk - Gitea: Git with a cup of tea

FMC plunges 33% on lower quarterly profits forecast

Uber decreases after assisting Q1 bookings listed below estimates

*

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

(Updates with afternoon costs)

By Shashwat Chauhan and Sukriti Gupta

Feb 5 (Reuters) -

The S&P 500 and the Nasdaq slipped on Wednesday, with Alphabet the greatest drag after the tech giant's dour cloud earnings and substantial financial investments into artificial intelligence disappointed financiers, while a slew of incomes contributed to the volatility.

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

"The marketplace has some proof to suggest that there are other business that possibly doing it less expensive, better, faster, quicker," said Dave Grecsek, handling director in planning technique and townshipmarket.co.za research at Aspiriant.

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

AI -related stocks were rocked recently following the skyrocketing appeal of an affordable Chinese artificial intelligence design established by startup

DeepSeek

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

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

On the data front, U.S. services sector activity suddenly slowed in January in the middle of cooling need, assisting curb price growth, a reading from the Institute for Supply Management showed.

Private payrolls increased by 183,000 tasks last month, compared to an approximated 150,000 boost, per economists polled by Reuters. The all-important January nonfarm payrolls report is expected to be released on Friday.

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

At 11:33 a.m. ET, the Dow Jones Industrial Average rose 65.83 points, [users.atw.hu](http://users.atw.hu/samp-info-forum/index.php?PHPSESSID=d75909f1f9311d464c4eab818e044831&action=profile