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FMC plunges 33% on lower quarterly earnings forecast

Uber declines after directing Q1 reservations listed below estimates

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Indexes: macphersonwiki.mywikis.wiki Dow up 0.15%, S&P 500 down 0.08%, annunciogratis.net 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 significant financial investments into expert system disappointed financiers, while a multitude of profits 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 market has some evidence to recommend that there are other business that potentially doing it more affordable, better, faster, quicker," said Dave Grecsek, handling director in planning strategy and research at Aspiriant.

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

AI-related stocks were rocked recently following the soaring popularity of an affordable Chinese synthetic intelligence model established by start-up

DeepSeek

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

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

On the data front, U.S. services sector activity all of a sudden slowed in January amidst cooling need, helping curb price development, 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 surveyed by Reuters. The necessary January nonfarm payrolls report is expected to be on Friday.

Shares of Apple relieved 1.2% as Bloomberg News reported that China's antitrust regulator was getting ready for 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 links.gtanet.com.br 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 greater, though communication services' over 3% fall obscured gains.

Uber Technologies dropped 7.2% after the ride-hailing business forecast current-quarter bookings listed below price quotes.

Fiserv advanced 7.1% as the payments company beat price 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 rush to speak to Chinese President Xi Jinping to attempt to defuse a new trade war between the countries.

Richmond Fed president Thomas Barkin said the Fed was still leaning towards more rate cuts this year, but flagged uncertainty around the impact of brand-new tariffs, migration, regulations and other Trump administration initiatives.

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

Johnson Controls leapt 11.1% as the building solutions business named Joakim Weidemanis as ceo and raised its 2025 earnings forecast.

Advancing issues 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 published 27 brand-new 52-week highs and 12 brand-new lows, while the Nasdaq Composite recorded 81 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)