Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising yearly sales and revenue projection

Amazon ticks 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 investors sorted through numerous upbeat incomes reports while awaiting Friday's crucial jobs report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the business anticipated yearly profit mainly above price quotes, while fashion home Tapestry leapt 12.6% on an annual sales and revenue projection boost.

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

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 less expensive AI model sharpened investor analysis of the billions U.S. tech giants have actually 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 lot of volatility over the last few weeks with the DeepSeek news ... We ´ re watching tonight for any thoughts that (Amazon) has to say around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into three independently listed companies and projection 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 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 dismal start to the week when U.S. President Donald Trump announced 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 gauging the state of the labor market and the Federal Reserve's rate path.

Traders do not anticipate the Fed to make a relocation on interest rates in its next conference in March, but a cut is commonly prepared for bybio.co in June, according to the CME's FedWatch.

Data released on Thursday showed the number of Americans submitting new applications for welfare increased moderately last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider forecast decreases in earnings in its mobile segment and projected current-quarter revenues below quotes.

Qualcomm fell 4.8% as the chip designer's executives said its profitable patent-licensing business 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 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 brand-new 52-week highs and 9 brand-new lows while the Nasdaq Composite 111 new highs and 77 new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru