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Honeywell to separate aerospace and automation companies

Tapestry leaps after raising annual sales and revenue forecast

Amazon ticks up ahead of incomes

Indexes: funsilo.date 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, as investors sifted through a number of upbeat earnings reports while awaiting Friday's essential jobs report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly profit mainly above estimates, while style home Tapestry leapt 12.6% on a yearly sales and profit projection boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly incomes report, anticipated after the bell. Investors will try to find updates on its expert system investments, after Chinese start-up DeepSeek's less expensive AI model sharpened financier examination of the billions U.S. tech giants have 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 quite a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re watching tonight for any thoughts that (Amazon) needs to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into three independently noted companies and projection downbeat sales and earnings for wiki.rolandradio.net 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 greater, with consumer 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, however suspended the levies on products from Mexico and library.kemu.ac.ke 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 conference in March, akropolistravel.com but a cut is extensively anticipated in June, according to the CME's FedWatch.

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

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple supplier forecast declines in earnings in its mobile segment and projected current-quarter earnings below quotes.

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

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

Advancing problems 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 brand-new 52-week highs and nine brand-new lows while the Nasdaq Composite taped 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)