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Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising yearly sales and profit projection

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 increased on Thursday, as financiers sifted through numerous upbeat incomes reports while awaiting Friday's key tasks report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the company forecast yearly revenue mainly above price quotes, while style home Tapestry jumped 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 projection 2025 profit above price quotes.

Amazon.com ticked up 0.7% ahead of its quarterly incomes report, expected after the bell. Investors will try to find updates on its artificial intelligence financial investments, after Chinese startup DeepSeek's less expensive AI design sharpened investor scrutiny of the billions U.S. tech giants have actually spent establishing the technology.

"Today, the main focus is corporate 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 quite a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re seeing tonight for any ideas that (Amazon) has to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would divide into three independently 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%, to 6,073.04 and the Nasdaq Composite gained 67.37 points, or 0.34%, funsilo.date to 19,759.70.

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

Markets saw a disappointing start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on products from Mexico and Canada on Monday for a month.

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

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

Data launched on Thursday revealed the number of Americans submitting new applications for joblessness advantages increased reasonably recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple supplier projection declines in income in its mobile section and projected current-quarter profits listed below quotes.

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

Ford Motor dropped 6.4% after the automaker forecast up to $5.5 billion in losses in its electrical automobile and software operations this year.

Advancing problems 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 brand-new 52-week highs and nine brand-new lows while the Nasdaq Composite recorded 111 new highs and 77 new lows. ( by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)