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Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising annual sales and earnings 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 several positive earnings reports while awaiting Friday's key jobs report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the annual earnings mainly above quotes, while style house Tapestry jumped 12.6% on a yearly sales and revenue projection increase.

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

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, expected after the bell. Investors will search for updates on its artificial intelligence investments, wiki.vifm.info after Chinese start-up DeepSeek's more affordable AI design sharpened investor scrutiny of the billions U.S. tech giants have spent establishing the technology.

"Today, the main focus is business earnings. Tariffs remain in the background," said Zachary Hill, historydb.date head of portfolio management at Horizon Investments.

"Amazon will be the sixth of the Magnificent Seven to report. The AI theme has been under rather a lot of volatility over the last few 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 noted companies and forecast downbeat sales and earnings for 2025. The sharp decline dragged down the Dow.

At 1:45 p.m. ET (1845 GMT), valetinowiki.racing 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 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 goods from Mexico and Canada on Monday for 35.237.164.2 a month.

The January nonfarm payrolls report is due on Friday, a crucial 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 rate of interest in its next meeting in March, however a cut is extensively expected in June, according to the CME's FedWatch.

Data launched on Thursday revealed the number of Americans filing new applications for unemployment benefits increased moderately last week.

Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple provider projection declines in profits in its mobile section and forecasted current-quarter earnings below price quotes.

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

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

Advancing concerns surpassed 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 new lows while the Nasdaq Composite taped 111 new highs and scientific-programs.science 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)