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Honeywell to separate aerospace and automation organizations

Tapestry jumps after raising annual sales and revenue forecast

Amazon ticks up ahead of revenues

Indexes: Dow down 0.4%, gdprhub.eu 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 sorted through a number of upbeat profits reports while awaiting Friday's key tasks report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly profit mainly above price quotes, while fashion home Tapestry leapt 12.6% on an annual sales and revenue forecast boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, expected after the bell. Investors will look for updates on its artificial intelligence investments, dokuwiki.stream after Chinese startup DeepSeek's more affordable AI model sharpened investor scrutiny of the billions U.S. tech giants have actually invested establishing the innovation.

"Today, the main focus is business profits. 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 been under rather 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 commercial and aerospace giant said it would divide into 3 separately listed 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%, funsilo.date 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 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 essential 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 move on rate of interest in its next meeting in March, but a cut is commonly prepared for in June, according to the CME's FedWatch.

Data released on Thursday revealed the variety of Americans submitting new applications for welfare increased moderately recently.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in revenue in its mobile segment 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 arrangement with Huawei Technologies ended.

Ford Motor dropped 6.4% after the automaker forecast up to $5.5 billion in losses in its electrical vehicle and forum.kepri.bawaslu.go.id software application 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 new 52 and 9 new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and ura.cc 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 bybio.co Nia Williams)