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Honeywell to separate aerospace and automation businesses

Tapestry leaps after raising annual sales and users.atw.hu profit forecast

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, as financiers sorted through a number of upbeat earnings reports while awaiting Friday's key jobs report and any trade policy moves.

Drugmaker Eli Lilly increased 3.4% after the company anticipated yearly earnings mainly above estimates, 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 forecast 2025 profit above price quotes.

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, expected after the bell. Investors will look for updates on its artificial intelligence investments, after Chinese startup DeepSeek's less expensive AI model honed financier examination of the billions U.S. tech giants have actually spent developing the technology.

"Today, the main focus is business 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 actually been under quite a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re seeing tonight for any thoughts that (Amazon) has to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into 3 separately listed companies and projection 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 fakenews.win 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 consumer 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 goods from Mexico and Canada on Monday for a month.

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

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

Data released on Thursday showed the variety of Americans filing new applications for joblessness benefits increased reasonably last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple supplier forecast decreases in earnings in its mobile section and forecasted current-quarter profits below quotes.

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

Ford Motor dropped 6.4% after the automaker projection up to $5.5 billion in losses in its electrical automobile and software operations this year.

Advancing issues 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 new 52-week highs and nine new lows while the Nasdaq Composite tape-recorded 111 new highs and 77 brand-new lows. ( by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)