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Honeywell to separate aerospace and automation organizations

Tapestry leaps after raising annual sales and revenue projection

Amazon ticks up ahead of revenues

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 investors sifted through several upbeat profits reports while awaiting Friday's essential jobs report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the business anticipated yearly profit mainly above price quotes, while style house Tapestry jumped 12.6% on an annual sales and earnings forecast boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, expected after the bell. Investors will look for updates on its synthetic intelligence investments, after Chinese startup DeepSeek's more affordable AI design sharpened financier scrutiny of the billions U.S. tech giants have spent establishing the innovation.

"Today, the main focus is business incomes. Tariffs remain in the background," said Zachary Hill, head of portfolio management at .

"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 viewing tonight for any ideas that (Amazon) needs to say around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would split into 3 independently noted companies 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 0.34%, hb9lc.org to 19,759.70.

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

Markets saw a dismal start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, however suspended the levies on products from Mexico and Canada on Monday for a month.

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

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

Data launched on Thursday showed the number of Americans submitting new applications for joblessness benefits increased moderately recently.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple supplier forecast declines in earnings in its mobile sector and predicted current-quarter revenues listed below estimates.

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

Ford Motor dropped 6.4% after the automaker projection as much as $5.5 billion in losses in its electrical automobile and software application 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 nine brand-new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 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)