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Honeywell to separate aerospace and automation services

Tapestry jumps after raising yearly sales and earnings forecast

Amazon ticks up ahead of incomes

Indexes: garagesale.es Dow down 0.4%, S&P 500 up 0.2%, Nasdaq up 0.34%

(Updates at mid afternoon)

By Abigail Summerville and Gupta

Feb 6 (Reuters) - The S&P 500 and the Nasdaq increased on Thursday, as financiers sorted through several positive earnings reports while awaiting Friday's crucial jobs report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly earnings mainly above quotes, while style house Tapestry leapt 12.6% on a yearly sales and revenue projection boost.

Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly results and forecast 2025 revenue 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 investments, after Chinese startup DeepSeek's less expensive AI design honed investor scrutiny of the billions U.S. tech giants have invested developing the innovation.

"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 rather a great deal of volatility over the last few weeks with the DeepSeek news ... We ´ re viewing 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 divide into 3 separately listed companies and projection downbeat sales and earnings 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 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 depressing start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, annunciogratis.net however suspended the levies on products from Mexico and utahsyardsale.com Canada on Monday for a month.

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

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

Data launched on Thursday revealed the variety of Americans filing new applications for unemployment advantages increased reasonably recently.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple supplier forecast declines in revenue in its mobile section and projected current-quarter revenues below estimates.

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

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

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

The S&P 500 published 30 new 52-week highs and 9 brand-new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and wiki.monnaie-libre.fr 77 brand-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)