Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising annual 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 increased on Thursday, as financiers sifted through numerous positive earnings reports while awaiting Friday's essential tasks report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the business forecast annual earnings mainly above estimates, while style home Tapestry leapt 12.6% on an annual sales and profit projection increase.

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will search for updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's less expensive AI design honed investor examination of the billions U.S. tech giants have actually invested establishing the innovation.

"Today, the main focus is corporate incomes. 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 great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re seeing tonight for any thoughts that (Amazon) needs to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into three individually listed business 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, or 0.20%, securityholes.science to 6,073.04 and utahsyardsale.com 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 consumer staples leading gains, and energy stocks losing the most ground.

Markets saw a miserable 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, an essential metric in determining the state of the labor market and the Federal Reserve's rate course.

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

Data launched on Thursday revealed the variety of Americans filing new applications for welfare increased reasonably last week.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple provider projection declines in earnings in its mobile section and forecasted current-quarter profits listed below estimates.

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

Ford Motor dropped 6.4% after the automaker forecast as much as $5.5 billion in losses in its electric automobile and software application operations this year.

issues 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 brand-new 52-week highs and nine new lows while the Nasdaq Composite taped 111 brand-new highs and 77 brand-new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru