Honeywell to separate aerospace and automation services

Tapestry leaps after raising annual sales and revenue projection

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 sorted through several positive revenues reports while awaiting Friday's crucial jobs report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the company anticipated yearly earnings mainly above estimates, while style home Tapestry leapt 12.6% on a yearly sales and classifieds.ocala-news.com profit forecast boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly incomes report, anticipated after the bell. Investors will search for updates on its expert system investments, after Chinese startup DeepSeek's less expensive AI design honed investor scrutiny of the billions U.S. tech giants have invested developing the technology.

"Today, the main focus is business 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 theme has been under rather a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re viewing tonight for any ideas that (Amazon) needs to state around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into 3 separately listed business 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, with leading gains, and energy stocks losing the most ground.

Markets saw a miserable start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, however 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 evaluating the state of the labor market and the Federal Reserve's rate course.

Traders do not expect the Fed to make a relocation on rate of interest in its next meeting in March, however a cut is commonly expected in June, according to the CME's FedWatch.

Data released on Thursday revealed the variety of Americans submitting new applications for joblessness advantages increased moderately last week.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast declines in income in its mobile segment and predicted current-quarter profits below quotes.

Qualcomm fell 4.8% as the chip designer's executives said its lucrative 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 as much as $5.5 billion in losses in its electric vehicle and software application operations this year.

Advancing concerns 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 brand-new 52-week highs and nine new lows while the Nasdaq Composite tape-recorded 111 new highs and 77 new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru