Honeywell to separate aerospace and automation organizations

Tapestry jumps after raising yearly sales and revenue 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 rose on Thursday, as investors sorted through a number of positive profits reports while awaiting Friday's essential tasks report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the company anticipated yearly profit mainly above price quotes, while fashion home Tapestry jumped 12.6% on an annual sales and profit projection 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, anticipated after the bell. Investors will search for updates on its expert system financial investments, after Chinese startup DeepSeek's cheaper AI model honed investor 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 actually been under rather a great deal of volatility over the last few weeks with the DeepSeek news ... We ´ re viewing 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 split into 3 independently noted business and projection downbeat sales and profit 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, vmeste-so-vsemi.ru or 0.20%, to 6,073.04 and the Nasdaq Composite gained 67.37 points, or 0.34%, larsaluarna.se to 19,759.70.

Eight of the 11 S&P 500 sectors traded higher, with consumer staples leading gains, and oke.zone energy stocks losing the most ground.

Markets saw a miserable start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on items 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 .

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

Data launched on Thursday revealed the number of Americans submitting brand-new applications for welfare increased reasonably recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in revenue in its mobile section and forecasted current-quarter earnings listed below price quotes.

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

Ford Motor dropped 6.4% after the automaker projection as much as $5.5 billion in losses in its electrical automobile and software 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-week highs and 9 new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 brand-new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru