Honeywell to separate aerospace and automation services

Tapestry jumps after raising annual sales and profit projection

Amazon ticks up ahead of incomes

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 increased on Thursday, valetinowiki.racing as investors sorted through several positive earnings reports while awaiting Friday's crucial tasks report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly earnings mainly above quotes, while fashion home Tapestry jumped 12.6% on a yearly sales and earnings projection boost.

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly results and forecast 2025 earnings above quotes.

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will try to find updates on its synthetic intelligence investments, after Chinese start-up DeepSeek's more affordable AI model honed financier analysis of the billions U.S. tech giants have actually spent establishing the technology.

"Today, the main focus is business revenues. Tariffs remain in the background," said Zachary Hill, head of portfolio management at Horizon Investments.

"Amazon will be the sixth of the Magnificent Seven to report. The AI style has been under rather a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re watching tonight for any ideas that (Amazon) needs to say around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would split into three independently noted business and forecast downbeat sales and earnings for 2025. The sharp decline 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, disgaeawiki.info 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 greater, with customer staples leading gains, and energy stocks losing the most ground.

Markets saw a disappointing start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on goods from Mexico and Canada on Monday for a month.

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

Traders do not expect the Fed to make a move on rate of interest in its next conference in March, but a cut is widely expected in June, according to the CME's FedWatch.

Data launched on Thursday revealed the number of Americans filing new applications for unemployment benefits increased reasonably last week.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast decreases in profits in its mobile segment and projected current-quarter revenues listed below price quotes.

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

Ford Motor dropped 6.4% after the automaker as much as $5.5 billion in losses in its electrical car and software operations this year.

Advancing concerns surpassed 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 brand-new 52-week highs and 9 brand-new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 brand-new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)