Honeywell to separate aerospace and automation companies

Tapestry leaps after raising annual sales and profit projection

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 rose on Thursday, as investors sorted through a number of upbeat revenues reports while awaiting Friday’s key jobs report and lespoetesbizarres.free.fr any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the business anticipated annual profit mainly above price quotes, while style home Tapestry jumped 12.6% on an annual sales and profit projection boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will try to find updates on its expert system investments, after Chinese start-up DeepSeek’s cheaper AI investor scrutiny of the billions U.S. tech giants have invested developing the innovation.

“Today, the main focus is corporate 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 style has been under rather a great deal of volatility over the last few weeks with the DeepSeek news … We ´ re seeing tonight for any thoughts that (Amazon) needs to state 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 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%, classifieds.ocala-news.com 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 higher, 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, gratisafhalen.be 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 assessing the state of the labor market and the Federal Reserve’s rate course.

Traders do not anticipate the Fed to make a relocation on rates of interest in its next meeting in March, however a cut is widely prepared for in June, according to the CME’s FedWatch.

Data launched on Thursday revealed the number of Americans filing new applications for joblessness benefits increased moderately last week.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple supplier projection declines in revenue in its mobile section and forecasted current-quarter profits below estimates.

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 agreement with Huawei Technologies expired.

Ford Motor dropped 6.4% after the automaker forecast 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 elearnportal.science by a 1.04-to-1 ratio on the Nasdaq.

The S&P 500 posted 30 brand-new 52-week highs and 9 brand-new lows while the Nasdaq Composite taped 111 new highs and 77 brand-new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru