GitLab

Honeywell to separate aerospace and automation services

Tapestry jumps after raising annual sales and revenue forecast

Amazon ticks up ahead of incomes

Indexes: Dow down 0.4%, S&P 500 up 0.2%, users.atw.hu 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 several upbeat earnings reports while awaiting Friday's essential jobs report and wiki.dulovic.tech any trade policy relocations.

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

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

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, anticipated after the bell. Investors will try to find updates on its artificial 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 actually been under quite a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re viewing tonight for any ideas that (Amazon) has to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would divide into three independently noted business and forecast downbeat sales and earnings for 2025. The 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 forum.altaycoins.com 0.34%, to 19,759.70.

Eight of the 11 S&P 500 sectors traded greater, with consumer staples leading gains, and energy stocks losing the most ground.

Markets saw a depressing start to the week when U.S. President Donald Trump revealed 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 path.

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

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

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in profits in its mobile sector and forecasted current-quarter profits below estimates.

Qualcomm fell 4.8% as the chip designer's executives said its financially 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 as much as $5.5 billion in losses in its electric lorry and software application operations this year.

Advancing issues outnumbered decliners by a 1.07-to-1 ratio on the New York Stock Exchange, utahsyardsale.com and by a 1.04-to-1 ratio on the Nasdaq.

The S&P 500 published 30 brand-new 52-week highs and nine brand-new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 brand-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)