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Honeywell to separate aerospace and automation organizations

Tapestry jumps after raising yearly sales and revenue projection

Amazon ticks up ahead of profits

Indexes: Dow down 0.4%, S&P 500 up 0.2%, Nasdaq up 0.34%

(Updates at mid afternoon)

By Abigail Summerville and trademarketclassifieds.com Sukriti Gupta

Feb 6 (Reuters) - The S&P 500 and the Nasdaq rose on Thursday, as investors sorted through several positive earnings reports while awaiting Friday's key jobs report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the company anticipated annual profit mainly above price quotes, while fashion house Tapestry leapt 12.6% on an annual sales and profit projection boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will look for updates on its synthetic intelligence financial investments, after Chinese startup DeepSeek's cheaper AI model sharpened financier scrutiny of the billions U.S. tech giants have actually 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 theme has actually been under quite a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re enjoying tonight for any ideas that (Amazon) needs to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into 3 individually listed companies and forecast downbeat sales and visualchemy.gallery 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, surgiteams.com 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 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, 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 determining the state of the labor market and the Federal Reserve's rate course.

Traders do not expect the Fed to make a relocation on interest rates in its next in March, however a cut is extensively expected 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 business moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast decreases in income in its mobile section and forecasted current-quarter profits listed below estimates.

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

Ford Motor dropped 6.4% after the automaker projection up to $5.5 billion in losses in its electrical 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 new 52-week highs and 9 brand-new lows while the Nasdaq Composite taped 111 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)