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Honeywell to separate aerospace and automation organizations

Tapestry leaps after raising yearly sales and profit projection

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 financiers sifted through numerous positive revenues reports while awaiting Friday's essential tasks report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the company anticipated annual revenue mainly above price quotes, while fashion house Tapestry jumped 12.6% on an annual sales and earnings projection increase.

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

Amazon.com ticked up 0.7% ahead of its quarterly profits report, expected after the bell. Investors will search for updates on its expert system investments, after Chinese startup DeepSeek's more affordable AI design sharpened investor analysis of the billions U.S. tech giants have invested establishing the innovation.

"Today, the main focus is corporate profits. 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 divide into 3 individually listed business and projection downbeat sales and earnings for sitiosecuador.com 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 oke.zone 0.40%, 35.237.164.2 to 44,694.03, the S&P 500 gained 11.56 points, or 0.20%, wiki-tb-service.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 higher, photorum.eclat-mauve.fr with consumer staples leading gains, and energy stocks losing the most ground.

Markets saw a disappointing start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on products from Mexico and larsaluarna.se Canada on Monday for a month.

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

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

Data launched on Thursday showed the variety of Americans filing new applications for joblessness benefits increased reasonably recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in income in its mobile segment and predicted current-quarter revenues below quotes.

Qualcomm fell 4.8% as the chip designer's executives said its financially rewarding patent-licensing would not see sales development this year after a license agreement with Huawei Technologies ended.

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

Advancing concerns 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 brand-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 City, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)