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Honeywell to separate aerospace and automation companies

Tapestry jumps 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 increased on Thursday, as financiers sifted through numerous positive profits reports while awaiting Friday's crucial tasks report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the company forecast annual earnings mainly above price quotes, while fashion home Tapestry jumped 12.6% on an annual sales and revenue projection increase.

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will try to find updates on its expert system investments, forum.batman.gainedge.org after Chinese start-up DeepSeek's less expensive AI design sharpened investor scrutiny of the billions U.S. tech giants have actually spent establishing the innovation.

"Today, the main focus is corporate earnings. 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 few weeks with the DeepSeek news ... We ´ re enjoying tonight for any ideas that (Amazon) has to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would divide into three individually noted business and forecast 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%, 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 announced sweeping trade tariffs over the weekend, however suspended the levies on items 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 course.

Traders do not expect the Fed to make a on rates of interest in its next conference in March, however a cut is widely prepared for in June, according to the CME's FedWatch.

Data launched on Thursday revealed the variety of Americans submitting brand-new applications for welfare increased reasonably recently.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple supplier forecast declines in revenue in its mobile segment and predicted current-quarter earnings below quotes.

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

Ford Motor dropped 6.4% after the automaker forecast approximately $5.5 billion in losses in its electrical car and software application operations this year.

Advancing problems 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 tape-recorded 111 new highs and 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)