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FMC plunges 33% on lower quarterly income projection

Uber decreases after directing Q1 bookings listed below 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, pipewiki.org with Alphabet the biggest drag after the tech giant's ugly cloud income and large investments into expert system dissatisfied financiers, while a variety of revenues contributed to the volatility.

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

"The market has some proof to suggest that there are other companies that possibly doing it cheaper, better, quicker, quicker," said Dave Grecsek, managing director in preparation technique 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 a low-cost Chinese expert system design established by startup

DeepSeek

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

On the information front, it-viking.ch U.S. services sector activity all of a sudden slowed in January amid cooling need, assisting curb cost growth, a reading from the Institute for Supply Management revealed.

Private payrolls rose by 183,000 jobs last month, compared to an approximated 150,000 boost, per economic experts surveyed by Reuters. The all-important January nonfarm payrolls report is expected to be launched on Friday.

Shares of Apple eased 1.2% as Bloomberg News reported that China's antitrust regulator was preparing for larsaluarna.se 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 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 forecast current-quarter bookings below price quotes.

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

Markets likewise tried to find advancements on the tariffs front after U.S. President Donald Trump said on Tuesday he remained in no hurry to talk to Chinese President Xi Jinping to try 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 new tariffs, demo.qkseo.in immigration, guidelines and other Trump administration initiatives.

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

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

Advancing concerns surpassed decliners by a 2.03-to-1 ratio on the NYSE and annunciogratis.net by a 1.6-to-1 ratio on the Nasdaq.

The S&P 500 posted 27 brand-new 52-week highs and 12 brand-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)