Honeywell to separate aerospace and automation companies

Tapestry jumps after raising annual sales and earnings forecast

Amazon ticks up ahead of earnings

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 sorted through several upbeat profits while awaiting Friday's essential jobs report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the company anticipated yearly profit mainly above estimates, while fashion house Tapestry leapt 12.6% on an annual sales and profit projection increase.

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly results and projection 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 expert system investments, after Chinese startup DeepSeek's cheaper AI model honed investor analysis of the billions U.S. tech giants have spent establishing the innovation.

"Today, the main focus is business 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 quite a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re viewing tonight for any ideas that (Amazon) needs to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into 3 separately noted business and forecast 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, or 0.40%, to 44,694.03, the S&P 500 gained 11.56 points, or 0.20%, wiki.rolandradio.net 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 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 akropolistravel.com 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 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 commonly anticipated in June, according to the CME's FedWatch.

Data released on Thursday revealed the variety of Americans filing brand-new applications for joblessness advantages increased reasonably recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple supplier projection declines in profits in its mobile section and forecasted current-quarter revenues 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 agreement with Huawei Technologies expired.

Ford Motor dropped 6.4% after the automaker projection as much as $5.5 billion in losses in its electric automobile and software application 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 new 52-week highs and nine new lows while the Nasdaq Composite taped 111 brand-new highs and kenpoguy.com 77 new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru