FMC plunges 33% on lower quarterly revenue projection
Uber declines after assisting Q1 reservations 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 costs)
By Shashwat Chauhan and Sukriti Gupta
Feb 5 (Reuters) -
The S&P 500 and engel-und-waisen.de the Nasdaq slipped on Wednesday, with Alphabet the greatest drag after the tech giant's ugly cloud revenue and substantial financial investments into expert system dissatisfied investors, while a variety of incomes 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 market has some evidence to suggest that there are other business that possibly doing it cheaper, better, much faster, quicker," said Dave Grecsek, managing director in planning technique and research at Aspiriant.
"So what is the wisdom of continuing to maintain high capex?"
AI-related stocks were rocked last week following the soaring appeal of a low-cost Chinese expert system design developed by start-up
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 earnings - would fall about 7% from the previous quarter.
On the information front, U.S. services sector activity all of a sudden slowed in January amidst cooling demand, helping curb cost growth, a reading from the Institute for Supply Management showed.
Private payrolls rose by 183,000 tasks last month, compared to an approximated 150,000 boost, sincansaglik.com per economists polled by Reuters. The critical January nonfarm payrolls report is anticipated to be released on Friday.
Shares of Apple eased 1.2% as Bloomberg News reported that China's antitrust regulator was preparing for pl.velo.wiki 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%, [forum.batman.gainedge.org](https://forum.batman.gainedge.org/index.php?action=profile
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US STOCKS S & P 500, Nasdaq Fall As Earnings Season Gathers Speed
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