Honeywell to separate aerospace and automation companies

Tapestry leaps after raising annual sales and revenue forecast

Amazon ticks up ahead of revenues

Indexes: Dow down 0.4%, S&P 500 up 0.2%, Nasdaq up 0.34%

(Updates at mid afternoon)

By Abigail Summerville and Sukriti Gupta

Feb 6 (Reuters) - The S&P 500 and the Nasdaq rose on Thursday, as financiers sorted through numerous upbeat earnings reports while awaiting Friday's essential tasks report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly revenue mainly above price quotes, while fashion house Tapestry jumped 12.6% on an annual sales and revenue forecast boost.

Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly outcomes and forecast 2025 revenue above price quotes.

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will try to find updates on its expert system investments, after Chinese startup DeepSeek's cheaper AI model sharpened investor examination of the billions U.S. tech giants have spent developing the technology.

"Today, the main focus is corporate incomes. Tariffs remain in the background," said Zachary Hill, head of portfolio management at .

"Amazon will be the sixth of the Magnificent Seven to report. The AI theme has actually been under quite a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re seeing tonight for any thoughts that (Amazon) has to state around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into three separately listed companies and forecast downbeat sales and revenue for 2025. The sharp decrease dragged down the Dow.

At 1:45 p.m. ET (1845 GMT), the Dow Jones Industrial Average fell 179.25 points, or 0.40%, to 44,694.03, the S&P 500 gained 11.56 points, pipewiki.org or 0.20%, to 6,073.04 and the Nasdaq Composite gained 67.37 points, or 0.34%, to 19,759.70.

Eight of the 11 S&P 500 sectors traded higher, with customer staples leading gains, and energy stocks losing the most ground.

Markets saw a miserable start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, however suspended the levies on items from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, an important metric in assessing the state of the labor market and the Federal Reserve's rate path.

Traders do not anticipate the Fed to make a relocation on rates of interest in its next meeting in March, however a cut is commonly anticipated in June, according to the CME's FedWatch.

Data released on Thursday revealed the number of Americans submitting brand-new applications for welfare increased moderately recently.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in revenue in its mobile sector and projected current-quarter revenues listed below price quotes.

Qualcomm fell 4.8% as the chip designer's executives said its financially rewarding patent-licensing business would not see sales development this year after a license arrangement with Huawei Technologies ended.

Ford Motor dropped 6.4% after the automaker projection approximately $5.5 billion in losses in its electric car and software operations this year.

Advancing concerns outnumbered decliners by a 1.07-to-1 ratio on the New York Stock Exchange, and by a 1.04-to-1 ratio on the Nasdaq.

The S&P 500 posted 30 new 52-week highs and 9 new lows while the Nasdaq Composite tape-recorded 111 new highs and 77 new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)