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Honeywell to separate aerospace and automation businesses

after raising yearly sales and earnings forecast

Amazon ticks up ahead of earnings

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 a number of positive revenues reports while awaiting Friday's crucial jobs report and any trade policy relocations.

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

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will look for updates on its expert system financial investments, after Chinese startup DeepSeek's cheaper AI design honed financier examination of the billions U.S. tech giants have spent developing the innovation.

"Today, the main focus is corporate revenues. Tariffs remain in the background," said Zachary Hill, setiathome.berkeley.edu head of portfolio management at Horizon Investments.

"Amazon will be the sixth of the Magnificent Seven to report. The AI style has been under rather a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re watching tonight for any thoughts that (Amazon) has to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into three individually noted companies and projection downbeat sales and revenue for 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, setiathome.berkeley.edu with consumer staples leading gains, and energy stocks losing the most ground.

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

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

Traders do not anticipate the Fed to make a relocation on interest rates in its next meeting in March, wavedream.wiki but a cut is widely prepared for in June, according to the CME's FedWatch.

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

Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple supplier forecast declines in revenue in its mobile section and forecasted current-quarter revenues listed below quotes.

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

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

Advancing issues 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 published 30 brand-new 52-week highs and nine brand-new lows while the Nasdaq Composite taped 111 brand-new highs and opensourcebridge.science 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)