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Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising yearly sales and profit forecast

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 Sukriti Gupta

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

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

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

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, anticipated after the bell. Investors will look for updates on its synthetic intelligence investments, after Chinese startup DeepSeek's less expensive AI model honed financier examination of the billions U.S. tech giants have actually spent establishing the innovation.

"Today, the main focus is business incomes. 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 been under quite a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re watching 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 listed companies and projection downbeat sales and earnings 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 forum.batman.gainedge.org 0.40%, to 44,694.03, the S&P 500 gained 11.56 points, or wiki.fablabbcn.org 0.20%, to 6,073.04 and the Nasdaq Composite gained 67.37 points, or elearnportal.science 0.34%, to 19,759.70.

Eight of the 11 S&P 500 sectors traded greater, 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 announced sweeping trade tariffs over the weekend, however suspended the levies on products from Mexico and wiki.lafabriquedelalogistique.fr 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 systemcheck-wiki.de the Federal Reserve's rate course.

Traders do not expect the Fed to make a move on rate of interest in its next conference in March, but a cut is widely expected in June, according to the CME's FedWatch.

Data released on Thursday showed the number of Americans submitting new applications for welfare increased reasonably recently.

Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple supplier forecast decreases in profits in its mobile section and projected current-quarter revenues listed below price quotes.

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

Ford Motor 6.4% after the automaker projection up to $5.5 billion in losses in its electric automobile 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 published 30 brand-new 52-week highs and nine brand-new lows while the Nasdaq Composite recorded 111 brand-new highs and 77 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)