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Honeywell to separate aerospace and automation services

Tapestry jumps after raising annual sales and earnings projection

Amazon ticks up ahead of incomes

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, wiki.vst.hs-furtwangen.de as investors sorted through a number of positive revenues reports while awaiting Friday's crucial tasks report and any trade policy moves.

Drugmaker Eli Lilly increased 3.4% after the business forecast yearly profit mainly above quotes, while style house Tapestry jumped 12.6% on an annual sales and revenue projection boost.

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly results and forecast 2025 revenue above estimates.

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will try to find updates on its artificial intelligence investments, after Chinese startup DeepSeek's less expensive AI model sharpened financier scrutiny of the billions U.S. tech giants have invested developing the technology.

"Today, the main focus is corporate earnings. 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 rather a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re enjoying 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 split into 3 independently 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%, 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 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, however 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 determining the state of the and the Federal Reserve's rate path.

Traders do not expect the Fed to make a relocation on interest rates in its next conference in March, but a cut is extensively anticipated in June, according to the CME's FedWatch.

Data launched on Thursday showed the number of Americans submitting new applications for welfare increased reasonably recently.

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

Qualcomm fell 4.8% as the chip designer's executives said its rewarding 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 projection approximately $5.5 billion in losses in its electrical automobile and software operations this year.

Advancing problems 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 brand-new lows while the Nasdaq Composite tape-recorded 111 new highs and 77 brand-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)