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Honeywell to separate aerospace and automation services

Tapestry leaps after raising yearly sales and revenue 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, parentingliteracy.com as financiers sorted through several positive profits reports while awaiting Friday's key jobs report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the company forecast yearly revenue mainly above quotes, while fashion home Tapestry jumped 12.6% on a yearly sales and earnings forecast increase.

Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly results and projection 2025 profit above quotes.

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, expected after the bell. Investors will look for updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's more affordable AI model sharpened financier analysis of the billions U.S. tech giants have actually invested establishing the innovation.

"Today, the main focus is corporate revenues. 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 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 business and projection downbeat sales and revenue for 2025. The sharp decrease 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, menwiki.men or 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 miserable start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on items 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 relocation on interest rates in its next meeting in March, elearnportal.science however a cut is widely expected in June, according to the CME's FedWatch.

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

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in revenue in its mobile sector and projected current-quarter revenues below price quotes.

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 agreement with Huawei Technologies ended.

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

Advancing concerns 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 9 brand-new lows while the Nasdaq Composite taped 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)