US STOCKS-S & P 500, Nasdaq Rise On Upbeat Earnings; Amazon, Jobs
Honeywell to separate aerospace and automation companies
Tapestry jumps after raising yearly sales and revenue projection
Amazon ticks up ahead of incomes
Indexes: Dow down 0.4%, S&P 500 up 0.2%, Nasdaq up 0.34%
( at mid afternoon)
By Abigail Summerville and Sukriti Gupta
Feb 6 (Reuters) - The S&P 500 and archmageriseswiki.com the Nasdaq rose on Thursday, as financiers sorted through numerous upbeat earnings reports while awaiting Friday's essential jobs report and any trade policy relocations.
Drugmaker Eli Lilly increased 3.4% after the company forecast yearly earnings mainly above quotes, while fashion home Tapestry jumped 12.6% on a yearly sales and profit projection boost.
Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly results and projection 2025 earnings above quotes.
Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will try to find updates on its synthetic intelligence investments, after Chinese start-up DeepSeek's less expensive AI model sharpened financier scrutiny of the billions U.S. tech giants have actually invested developing 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 theme has been under quite a great deal of volatility over the last few weeks with the DeepSeek news ... We ´ re watching tonight for any thoughts that (Amazon) has to say around that," Hill said.
Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into three individually listed business and projection downbeat sales and profit 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, or wiki.dulovic.tech 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 disappointing start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, videochatforum.ro 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 essential 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 move on rate of interest in its next conference in March, but a cut is extensively prepared for in June, according to the CME's FedWatch.
Data launched on Thursday showed the number of Americans submitting brand-new applications for welfare increased reasonably last week.
Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in profits in its mobile sector and botdb.win projected current-quarter revenues below estimates.
Qualcomm fell 4.8% as the chip designer's executives said its financially rewarding patent-licensing business would not see sales growth this year after a license agreement with Huawei Technologies ended.
Ford Motor dropped 6.4% after the automaker forecast up to $5.5 billion in losses in its electrical vehicle and software application operations this year.
Advancing concerns surpassed decliners by a 1.07-to-1 ratio on the New York Stock Exchange, surgiteams.com and by a 1.04-to-1 ratio on the Nasdaq.
The S&P 500 posted 30 new 52-week highs and asteroidsathome.net 9 brand-new lows while the Nasdaq Composite recorded 111 brand-new highs and 77 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)