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

FMC plunges 33% on lower quarterly earnings projection

Uber declines after directing Q1 reservations listed below quotes

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Indexes: Dow up 0.15%, S&P 500 down 0.08%, larsaluarna.se 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 greatest drag after the tech giant’s ugly cloud revenue and substantial financial investments into artificial intelligence disappointed financiers, while a multitude of earnings included to the volatility.

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

“The market has some proof to recommend that there are other business that potentially doing it cheaper, better, quicker, quicker,” said Dave Grecsek, managing director in planning method and research study at Aspiriant.

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

AI-related stocks were rocked recently following the skyrocketing popularity of a low-cost Chinese expert system model established by startup

DeepSeek

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

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

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

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

Shares of Apple eased 1.2% as reported that China’s antitrust regulator was preparing for a possible examination of the iPhone maker.

At 11:33 a.m. ET, the Dow Jones Industrial Average rose 65.83 points, ura.cc 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 0.34%, to 19,586.61.

Eight of the 11 S&P 500 sectors traded higher, though communication services’ over 3% fall obscured gains.

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

Fiserv advanced 7.1% as the payments firm beat quotes for fourth-quarter profit, historydb.date helped by strong need in its banking and payments processing unit.

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 new trade war between the nations.

Richmond Fed president Thomas Barkin said the Fed was still leaning towards more rate cuts this year, however flagged uncertainty around the effect of brand-new tariffs, migration, policies and other Trump administration efforts.

Among leading movers, FMC Corp plunged 33.6% after the agrichemicals manufacturer forecast first-quarter income below estimates.

Johnson Controls jumped 11.1% as the building services business named Joakim Weidemanis as ceo and raised its 2025 revenue forecast.

Advancing issues surpassed 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 published 27 new 52-week highs and 12 brand-new lows, thatswhathappened.wiki while the Nasdaq Composite tape-recorded 81 brand-new highs and 69 new lows.

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