Honeywell to separate aerospace and automation companies

Tapestry leaps after raising annual sales and earnings 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, parentingliteracy.com as financiers sorted through a number of upbeat earnings reports while awaiting Friday's crucial tasks report and suvenir51.ru any trade policy moves.

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

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly outcomes and projection 2025 earnings above estimates.

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 financial investments, after Chinese start-up DeepSeek's cheaper AI model honed investor scrutiny of the billions U.S. tech giants have spent developing the innovation.

"Today, the main focus is corporate profits. 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 actually been under rather a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re seeing tonight for any ideas that (Amazon) needs to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would divide into 3 individually listed business and projection downbeat sales and revenue 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, users.atw.hu or 0.40%, to 44,694.03, the S&P 500 gained 11.56 points, 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 depressing start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on items from Mexico and Canada on Monday for a month.

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

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

Data launched on Thursday the number of Americans filing new applications for welfare increased moderately recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple supplier projection decreases in revenue in its mobile section and predicted current-quarter profits below price quotes.

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

Ford Motor dropped 6.4% after the automaker projection up to $5.5 billion in losses in its electrical vehicle and software application 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 published 30 brand-new 52-week highs and sitiosecuador.com 9 brand-new lows while the Nasdaq Composite taped 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)