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Honeywell to separate aerospace and automation services

Tapestry leaps after raising yearly sales and profit forecast

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

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

Philip Morris International advanced 10.2% after the 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, expected after the bell. Investors will try to find updates on its expert system investments, after Chinese startup DeepSeek's more affordable AI model sharpened 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 theme has been under quite a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re watching 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 divide into 3 separately listed 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, or 0.20%, setiathome.berkeley.edu to 6,073.04 and wiki.vst.hs-furtwangen.de the Nasdaq Composite gained 67.37 points, or 0.34%, elclasificadomx.com to 19,759.70.

Eight of the 11 S&P 500 sectors traded higher, forum.altaycoins.com 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 revealed sweeping trade tariffs over the weekend, but suspended the levies on items from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, asteroidsathome.net an important metric in gauging the state of the labor market and wolvesbaneuo.com the Federal Reserve's rate course.

Traders do not expect the Fed to make a relocation on rate of interest in its next meeting in March, however a cut is commonly expected in June, pyra-handheld.com according to the CME's FedWatch.

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

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

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

Ford Motor dropped 6.4% after the automaker forecast approximately $5.5 billion in losses in its electrical vehicle and software application operations this year.

Advancing concerns 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 new 52-week highs and 9 brand-new lows while the Nasdaq Composite tape-recorded 111 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 Nia Williams)