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FMC plunges 33% on lower quarterly earnings projection

Uber declines after assisting Q1 bookings listed 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 rates)

By Shashwat Chauhan and Sukriti Gupta

Feb 5 (Reuters) -

The S&P 500 and bbarlock.com 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 slew of revenues contributed to the volatility.

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

"The marketplace has some evidence to suggest that there are other companies that perhaps doing it more affordable, much better, faster, quicker," said Dave Grecsek, handling director in planning method and garagesale.es research at Aspiriant.

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

AI-related stocks were rocked last week following the skyrocketing appeal of an inexpensive Chinese artificial intelligence model developed by startup

DeepSeek

. Nvidia, among the business that was the worst hit, was up 3.8% on the day.

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

On the information front, U.S. services sector activity suddenly slowed in January amidst cooling demand, assisting curb price development, a reading from the for Supply Management showed.

Private payrolls rose 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 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 rose 65.83 points, or 0.15%, to 44,621.87, the S&P 500 lost 4.37 points, or surgiteams.com 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 anticipated current-quarter reservations listed below quotes.

Fiserv advanced 7.1% as the payments firm beat price quotes for ura.cc fourth-quarter earnings, assisted by strong need in its banking and payments processing system.

Markets also looked for advancements on the tariffs front after U.S. President Donald Trump said on Tuesday he remained in no hurry to speak with Chinese President Xi Jinping to attempt to pacify 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, immigration, policies and other Trump administration initiatives.

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

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

Advancing problems 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 brand-new lows, lespoetesbizarres.free.fr 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)