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FMC plunges 33% on lower quarterly earnings forecast

Uber decreases after guiding Q1 reservations listed below quotes

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Indexes: Dow up 0.15%, wakewiki.de 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 the Nasdaq slipped on Wednesday, setiathome.berkeley.edu with Alphabet the biggest drag after the tech giant's ugly cloud profits and hb9lc.org significant financial investments into synthetic intelligence disappointed investors, while a multitude of incomes included to the volatility.

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

"The marketplace has some proof to suggest that there are other companies that potentially doing it less expensive, better, quicker, quicker," said Dave Grecsek, managing director in preparation method and research at Aspiriant.

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

AI-related stocks were rocked recently following the soaring appeal of an affordable Chinese artificial intelligence design established by start-up

DeepSeek

. Nvidia, one of the companies 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 data center sales - a proxy for its AI earnings - would fall about 7% from the previous quarter.

On the information front, U.S. services sector activity suddenly slowed in January amidst cooling demand, helping curb cost development, a reading from the Institute for Supply Management revealed.

Private payrolls rose by 183,000 jobs last month, compared to an approximated 150,000 increase, per economists surveyed by Reuters. The necessary January nonfarm payrolls report is anticipated to be released on Friday.

Shares of Apple alleviated 1.2% as Bloomberg News reported that China's antitrust regulator was getting ready for systemcheck-wiki.de a possible investigation 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 0.34%, to 19,586.61.

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

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

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

Markets also searched for developments on the tariffs front after U.S. President Donald Trump said on Tuesday he remained in no rush to talk to Chinese President Xi Jinping to try to defuse a new trade war in 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 effect of brand-new tariffs, migration, guidelines and other Trump administration initiatives.

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

Johnson Controls jumped 11.1% as the options company called Joakim Weidemanis as ceo and raised its 2025 profit projection.

Advancing problems surpassed decliners by a 2.03-to-1 ratio on the NYSE and thatswhathappened.wiki by a 1.6-to-1 ratio on the Nasdaq.

The S&P 500 published 27 brand-new 52-week highs and 12 new lows, while the Nasdaq Composite tape-recorded 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)