Honeywell to separate aerospace and automation organizations

Tapestry leaps after raising yearly sales and profit 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 sifted through a number of upbeat earnings reports while awaiting Friday's essential jobs report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the company forecast annual profit mainly above quotes, while style house Tapestry leapt 12.6% on an annual sales and revenue projection increase.

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly results and projection 2025 profit above price quotes.

Amazon.com ticked up 0.7% ahead of its quarterly earnings report, expected after the bell. Investors will search for updates on its expert system financial investments, after Chinese start-up DeepSeek's less expensive AI model sharpened investor scrutiny of the billions U.S. tech giants have actually invested developing the .

"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 theme has actually been under quite a lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re seeing tonight for any ideas that (Amazon) has to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into three individually 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), utahsyardsale.com the Dow Jones Industrial Average fell 179.25 points, or elclasificadomx.com 0.40%, to 44,694.03, the S&P 500 gained 11.56 points, wavedream.wiki or annunciogratis.net 0.20%, 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 announced sweeping trade tariffs over the weekend, however suspended the levies on products from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, an important metric in gauging the state of the labor market and the Federal Reserve's rate course.

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

Data released on Thursday revealed the number of Americans filing new applications for welfare increased moderately recently.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in earnings in its mobile sector and projected current-quarter revenues listed below estimates.

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

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

Advancing concerns 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 brand-new 52-week highs and 9 brand-new lows while the Nasdaq Composite tape-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)