Honeywell to separate aerospace and automation companies

Tapestry jumps after raising yearly sales and revenue projection

up ahead of incomes

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 financiers sifted through numerous upbeat incomes reports while awaiting Friday’s key jobs report and any trade policy relocations.

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

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

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will look for updates on its expert system financial investments, after Chinese startup DeepSeek’s cheaper AI design honed investor examination of the billions U.S. tech giants have invested establishing the technology.

“Today, the main focus is corporate profits. 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 great deal of volatility over the last few weeks with the DeepSeek news … We ´ re enjoying tonight for any ideas 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 separately listed companies and forecast 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, coastalplainplants.org or 0.40%, to 44,694.03, the S&P 500 gained 11.56 points, or 0.20%, to 6,073.04 and forum.altaycoins.com 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 consumer 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, 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 important metric in determining the state of the labor market and the Federal Reserve’s rate course.

Traders do not expect the Fed to make a move on interest rates in its next meeting in March, but a cut is extensively prepared for in June, according to the CME’s FedWatch.

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

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple supplier projection decreases in profits in its mobile section and projected current-quarter revenues below price quotes.

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

Ford Motor dropped 6.4% after the automaker forecast as much as $5.5 billion in losses in its electrical lorry and software application 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 published 30 new 52-week highs and 9 new lows while the Nasdaq Composite taped 111 new highs and 77 brand-new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru