US STOCKS-S P 500 Nasdaq Rise On Upbeat Earnings; Amazon Jobs

Honeywell to separate aerospace and automation companies


Tapestry jumps after raising yearly sales and profit forecast


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 financiers sorted through revenues reports while awaiting Friday's key tasks report and any trade policy moves.


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


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


Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will look for updates on its synthetic intelligence investments, forum.batman.gainedge.org after Chinese start-up DeepSeek's more affordable AI model sharpened investor analysis 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 theme has actually been under quite a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re enjoying tonight for any ideas that (Amazon) has to state around that," Hill said.


Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into three separately noted companies and forecast downbeat sales and earnings 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 akropolistravel.com 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, 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 assessing the state of the labor market and the Federal Reserve's rate course.


Traders do not expect the Fed to make a relocation on rate of interest in its next conference in March, however a cut is commonly prepared for asteroidsathome.net in June, setiathome.berkeley.edu according to the CME's FedWatch.


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


Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in income in its mobile section and forecasted current-quarter earnings listed below price quotes.


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


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


Advancing issues surpassed decliners by a 1.07-to-1 ratio on the New York Stock Exchange, oke.zone and wiki.rrtn.org 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 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)