Honeywell to separate aerospace and automation services

Tapestry leaps after raising yearly sales and revenue projection

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 investors sifted through numerous positive revenues reports while awaiting Friday's crucial tasks report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the company forecast yearly profit mainly above quotes, while fashion home Tapestry jumped 12.6% on an annual sales and profit projection boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, expected after the bell. Investors will look for updates on its expert system financial investments, after Chinese start-up DeepSeek's cheaper AI model sharpened financier scrutiny of the billions U.S. tech giants have invested developing the technology.

"Today, the main focus is business earnings. 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 theme has been under rather a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re seeing tonight for any ideas that (Amazon) has to say around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into 3 independently noted business and forecast downbeat sales and earnings for 2025. The sharp decline 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, or users.atw.hu 0.20%, to 6,073.04 and the Nasdaq Composite gained 67.37 points, addsub.wiki or annunciogratis.net 0.34%, to 19,759.70.

Eight of the 11 S&P 500 sectors traded greater, with consumer 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, however suspended the levies on items from Mexico and Canada on Monday for a month.

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

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

Data released on Thursday revealed the number of Americans filing brand-new applications for welfare increased moderately last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple supplier projection decreases in revenue in its mobile section and projected current-quarter revenues listed below estimates.

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

Ford Motor dropped 6.4% after the automaker forecast approximately $5.5 billion in losses in its electrical automobile and software operations this year.

Advancing problems 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 published 30 new 52-week highs and nine brand-new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 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)