Honeywell to separate aerospace and automation businesses

Tapestry leaps after raising yearly sales and earnings forecast

Amazon ticks up ahead of incomes

Indexes: wiki.snooze-hotelsoftware.de 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 several positive earnings reports while awaiting Friday's key tasks report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the company forecast annual revenue mainly above quotes, while style house Tapestry jumped 12.6% on an annual sales and earnings projection 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 earnings report, expected after the bell. Investors will try to find updates on its expert system investments, after Chinese start-up DeepSeek's cheaper AI model sharpened financier scrutiny of the billions U.S. tech giants have actually invested developing the innovation.

"Today, the main focus is business 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 theme has been under quite a great deal 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 commercial and aerospace giant said it would divide into 3 independently listed business and projection downbeat sales and earnings for 2025. The sharp decrease 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%, 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 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 revealed sweeping trade tariffs over the weekend, however suspended the levies on products 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 move on rates of interest in its next meeting in March, however a cut is widely prepared for in June, dokuwiki.stream according to the CME's FedWatch.

Data launched on Thursday revealed the variety of Americans submitting brand-new applications for joblessness benefits increased reasonably last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in profits in its mobile sector and predicted current-quarter earnings listed below quotes.

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

Ford Motor dropped 6.4% after the automaker forecast up to $5.5 billion in losses in its electric automobile 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 published 30 new 52-week highs and nine new lows while the Nasdaq Composite recorded 111 new highs and 77 new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru