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Honeywell to separate aerospace and automation companies

Tapestry leaps after raising yearly sales and profit projection

Amazon ticks up ahead of incomes

Indexes: oke.zone Dow down 0.4%, oke.zone 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 a number of positive profits reports while awaiting Friday's key tasks report and any trade policy moves.

Drugmaker Eli Lilly increased 3.4% after the business anticipated yearly revenue mainly above quotes, while fashion home Tapestry jumped 12.6% on a yearly sales and revenue projection boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will search for updates on its synthetic intelligence investments, after Chinese startup DeepSeek's less expensive AI model sharpened financier analysis of the billions U.S. tech giants have invested developing the technology.

"Today, the main focus is business 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 great deal of volatility over the last few weeks with the DeepSeek news ... We ´ re seeing 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 three individually noted companies and forecast downbeat sales and earnings for photorum.eclat-mauve.fr 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%, shiapedia.1god.org 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 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, but suspended the levies on products from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, a vital metric in determining the state of the labor market and the Federal Reserve's rate path.

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 expected in June, according to the CME's FedWatch.

Data released on Thursday revealed the number of Americans submitting brand-new applications for welfare increased moderately last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in income in its mobile section and forecasted current-quarter earnings listed below estimates.

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

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

Advancing issues 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 brand-new 52-week highs and nine new lows while the Nasdaq Composite recorded 111 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)