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Honeywell to separate aerospace and automation services

Tapestry jumps after raising yearly sales and revenue 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 financiers sorted through a number of upbeat incomes reports while awaiting Friday's crucial tasks report and any trade policy relocations.

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

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

Amazon.com ticked up 0.7% ahead of its quarterly incomes report, anticipated after the bell. Investors will try to find updates on its expert system investments, after Chinese start-up DeepSeek's cheaper AI model honed investor analysis of the billions U.S. tech giants have actually invested establishing 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 actually been under quite 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 industrial and aerospace giant said it would split into three independently noted companies and forecast 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%, 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 miserable start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, however suspended the levies on products from Mexico and Canada on Monday for a month.

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

Traders do not expect the Fed to make a move on interest rates in its next meeting in March, however a cut is extensively prepared for in June, according to the CME's FedWatch.

Data released on Thursday revealed the variety of Americans submitting brand-new applications for joblessness advantages increased reasonably recently.

Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple supplier forecast decreases in earnings in its mobile section and predicted current-quarter revenues listed below estimates.

Qualcomm fell 4.8% as the chip designer's executives said its lucrative 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 as much as $5.5 billion in losses in its electric car 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 published 30 new 52-week highs and nine new lows while the Nasdaq Composite taped 111 and fakenews.win 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)