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

FMC plunges 33% on lower quarterly earnings forecast

Uber decreases after assisting Q1 bookings below price quotes

*

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

(Updates with afternoon prices)

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 most significant drag after the tech giant's dour cloud revenue and large financial investments into synthetic intelligence dissatisfied financiers, while a variety of incomes contributed to the volatility.

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

"The marketplace has some proof to recommend that there are other companies that possibly doing it less expensive, much better, quicker, quicker," said Dave Grecsek, managing director in planning technique and research study at Aspiriant.

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

AI-related stocks were rocked last week following the soaring appeal of an affordable Chinese artificial intelligence model established by startup

DeepSeek

. Nvidia, among 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 valetinowiki.racing its AI profits - would fall about 7% from the previous quarter.

On the data front, U.S. services sector activity unexpectedly slowed in January amidst cooling demand, helping curb price growth, a reading from the Institute for Supply Management revealed.

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

Shares of Apple relieved 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, the Dow Jones Industrial Average increased 65.83 points, or hb9lc.org 0.15%, to 44,621.87, chessdatabase.science the S&P 500 lost 4.37 points, or 0.08%, to 6,033.51 and the Nasdaq Composite lost 70.17 points, or historydb.date 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 business forecast current-quarter below quotes.

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

Markets also searched for 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 try 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, but flagged uncertainty around the effect of brand-new tariffs, immigration, regulations and other Trump administration initiatives.

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

Johnson Controls leapt 11.1% as the building options company called Joakim Weidemanis as primary executive officer and raised its 2025 revenue forecast.

Advancing concerns 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 posted 27 new 52-week highs and 12 new lows, while the Nasdaq Composite 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)