Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising yearly sales and profit forecast

Amazon ticks up ahead of profits

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 investors sorted through several positive profits reports while awaiting Friday's essential jobs report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the company anticipated annual revenue mainly above price quotes, while fashion home Tapestry leapt 12.6% on an annual sales and revenue projection boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly profits report, expected after the bell. Investors will look for updates on its synthetic intelligence investments, after Chinese start-up DeepSeek's less expensive AI model honed financier analysis of the billions U.S. tech giants have actually spent establishing the technology.

"Today, the main focus is corporate 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 style 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 thoughts that (Amazon) has to state around that,” Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would split into three independently noted companies and projection downbeat sales and profit 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, fakenews.win 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, wiki.vst.hs-furtwangen.de with customer 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, annunciogratis.net 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 important metric in evaluating 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, however a cut is extensively expected in June, according to the CME's FedWatch.

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

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple provider forecast decreases in revenue in its mobile segment and projected current-quarter revenues below quotes.

Qualcomm fell 4.8% as the chip designer's executives said its financially rewarding patent-licensing organization 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 electrical automobile and software application operations this year.

Advancing 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 posted 30 new 52-week highs and 9 brand-new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru