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Honeywell to separate aerospace and automation services

Tapestry leaps after raising annual sales and revenue 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 rose on Thursday, as financiers sorted through a number of positive incomes reports while awaiting Friday's essential tasks report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the business anticipated annual earnings mainly above price quotes, while fashion home Tapestry leapt 12.6% on a yearly sales and earnings forecast increase.

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

Amazon.com ticked up 0.7% ahead of its quarterly incomes report, expected after the bell. Investors will try to find updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's cheaper AI model sharpened investor analysis of the billions U.S. tech giants have spent developing the technology.

"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 style 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 commercial and aerospace giant said it would split into 3 individually noted companies and projection downbeat sales and profit for 2025. The sharp decrease dragged down the Dow.

At 1:45 p.m. ET (1845 GMT), online-learning-initiative.org 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 miserable start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on goods from Mexico and 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, humanlove.stream but a cut is widely prepared for in June, gratisafhalen.be according to the CME's FedWatch.

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

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple provider projection declines in earnings in its mobile section and projected current-quarter earnings below estimates.

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

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

Advancing problems 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 posted 30 brand-new 52-week highs and nine new lows while the Nasdaq Composite taped 111 brand-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)