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

FMC plunges 33% on lower quarterly income forecast

Uber decreases after directing Q1 bookings 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 the Nasdaq slipped on Wednesday, with Alphabet the most significant drag after the tech giant's ugly cloud earnings and significant investments into expert system disappointed investors, while a multitude of revenues added 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 recommend that there are other business that perhaps doing it cheaper, better, quicker, quicker," said Dave Grecsek, managing director in preparation method and research at Aspiriant.

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

AI-related stocks were rocked recently following the skyrocketing popularity of an affordable 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, lost 8.9% after CEO Lisa Su said the company's current-quarter data center sales - a proxy for equipifieds.com its AI profits - would fall about 7% from the previous quarter.

On the information front, U.S. services sector activity all of a sudden slowed in January amid cooling need, helping curb cost development, a reading from the Institute for Supply Management showed.

Private payrolls rose by 183,000 tasks last month, compared with an estimated 150,000 increase, per financial experts polled by Reuters. The critical January nonfarm payrolls report is expected to be released on Friday.

Shares of Apple alleviated 1.2% as News reported that China's antitrust regulator was preparing for niaskywalk.com 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%, gratisafhalen.be to 6,033.51 and the Nasdaq Composite lost 70.17 points, or 0.34%, wiki.snooze-hotelsoftware.de 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 forecast current-quarter bookings below estimates.

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

Markets likewise tried to find developments on the tariffs front after U.S. President Donald Trump said on Tuesday he remained in no hurry to speak to Chinese President Xi Jinping to attempt to defuse a new trade war in 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 impact of new tariffs, migration, policies and other Trump administration initiatives.

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

Johnson Controls leapt 11.1% as the structure options company called Joakim Weidemanis as chief executive officer and raised its 2025 profit forecast.

Advancing problems 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 new 52-week highs and larsaluarna.se 12 brand-new lows, 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)