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Honeywell to separate aerospace and automation companies

Tapestry leaps 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 rose on Thursday, as financiers sorted through a number of upbeat profits reports while awaiting Friday's crucial tasks report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the company forecast yearly earnings mainly above price quotes, while fashion house Tapestry leapt 12.6% on an annual sales and earnings projection increase.

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

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

"Today, the main focus is business revenues. 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 lot of volatility over the last few weeks with the DeepSeek news ... We ´ re enjoying tonight for any thoughts that (Amazon) has to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into 3 individually listed business and forecast downbeat sales and profit for addsub.wiki 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%, to 6,073.04 and the Nasdaq Composite gained 67.37 points, or fraternityofshadows.com 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 dismal 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 crucial metric in gauging the state of the labor market and the Federal Reserve's rate path.

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

Data launched on Thursday showed the variety of Americans filing new applications for unemployment advantages increased reasonably recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider projection declines in revenue in its mobile segment and forecasted current-quarter profits below quotes.

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

Ford Motor dropped 6.4% after the automaker forecast up to $5.5 billion in losses in its electric lorry and software application operations this year.

Advancing issues 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 9 new lows while the Nasdaq Composite recorded 111 brand-new highs and 77 new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and oke.zone Nia Williams)

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