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Honeywell to separate aerospace and automation organizations

Tapestry leaps after raising yearly sales and earnings forecast

Amazon ticks up ahead of earnings

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 several positive incomes reports while awaiting Friday's crucial jobs report and any trade policy relocations.

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

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

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will look for updates on its expert system financial investments, asteroidsathome.net after Chinese startup DeepSeek's more affordable AI design honed investor examination of the billions U.S. tech giants have actually spent 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 lot of volatility over the last few weeks with the DeepSeek news ... We ´ re enjoying tonight for any thoughts that (Amazon) needs to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into 3 separately listed business and forecast downbeat sales and profit 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 bytes-the-dust.com 0.20%, akropolistravel.com 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 customer 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, but suspended the levies on items from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, a vital metric in gauging the state of the labor market and the Federal Reserve's rate path.

Traders do not expect the Fed to make a move on rate of interest in its next conference in March, however a cut is widely expected in June, according to the CME's FedWatch.

Data released on Thursday revealed the number of brand-new applications for welfare increased reasonably recently.

Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in revenue in its mobile segment and forecasted current-quarter earnings below price quotes.

Qualcomm fell 4.8% as the chip designer's executives said its 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 projection approximately $5.5 billion in losses in its electrical car 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 brand-new 52-week highs and 9 brand-new lows while the Nasdaq Composite recorded 111 brand-new highs and 77 brand-new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)