Honeywell to separate aerospace and automation companies
Tapestry leaps after raising yearly sales and earnings 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 increased on Thursday, as investors sifted through numerous positive earnings reports while awaiting Friday's key jobs report and any trade policy moves.
Drugmaker Eli Lilly increased 3.4% after the business anticipated annual profit mainly above price quotes, while style home Tapestry leapt 12.6% on an annual sales and revenue forecast boost.
Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly outcomes and forecast 2025 earnings above estimates.
Amazon.com ticked up 0.7% ahead of its quarterly incomes report, expected after the bell. Investors will try to find updates on its expert system financial investments, after Chinese startup DeepSeek's less expensive AI design honed financier 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 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 thoughts that (Amazon) has to state around that," Hill said.
Honeywell fell 5.5% after the industrial and aerospace giant said it would divide into 3 independently listed business and forecast 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 customer staples leading gains, and energy stocks losing the most ground.
Markets saw a disappointing 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 determining 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 conference 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 unemployment advantages increased moderately recently.
Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple supplier projection decreases in earnings in its mobile sector and predicted current-quarter earnings listed below quotes.
Qualcomm fell 4.8% as the chip designer's executives said its financially rewarding patent-licensing company would not see sales growth this year after a license contract with ended.
Ford Motor dropped 6.4% after the automaker projection up to $5.5 billion in losses in its electric automobile and software application operations this year.
Advancing problems 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 wiki.snooze-hotelsoftware.de nine new lows while the Nasdaq Composite tape-recorded 111 brand-new highs and 77 new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru
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US STOCKS S & P 500, Nasdaq Rise On Upbeat Earnings
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