GitLab

Honeywell to separate aerospace and automation businesses

Tapestry leaps after raising yearly sales and earnings forecast

Amazon ticks up ahead of revenues

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 investors sifted through profits reports while awaiting Friday's key jobs report and any trade policy moves.

Drugmaker Eli Lilly rose 3.4% after the company anticipated annual profit mainly above quotes, while style house Tapestry leapt 12.6% on a yearly sales and revenue projection boost.

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly outcomes and ratemywifey.com projection 2025 revenue above estimates.

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, anticipated after the bell. Investors will search for updates on its synthetic intelligence investments, after Chinese start-up DeepSeek's cheaper AI model honed investor examination of the billions U.S. tech giants have invested establishing the technology.

"Today, the main focus is business 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 been under rather a great deal of volatility over the last few weeks with the DeepSeek news ... We ´ re enjoying tonight for any thoughts that (Amazon) needs to say around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into 3 independently listed business and forecast downbeat sales and revenue 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%, to 6,073.04 and forum.batman.gainedge.org 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, however suspended the levies on goods from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, a vital metric in determining the state of the labor market and the Federal Reserve's rate path.

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

Data launched on Thursday showed the variety of Americans filing new applications for welfare increased reasonably last week.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple supplier forecast decreases in earnings in its mobile section and predicted current-quarter earnings listed below quotes.

Qualcomm fell 4.8% as the chip designer's executives said its profitable patent-licensing company would not see sales growth 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 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 published 30 new 52-week highs and 9 new lows while the Nasdaq Composite recorded 111 new highs and 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 Nia Williams)