1 US STOCKS S & P 500, Nasdaq Rise On Upbeat Earnings
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Honeywell to separate aerospace and automation organizations

Tapestry jumps after raising annual sales and profit forecast

Amazon ticks up ahead of revenues

Indexes: chessdatabase.science 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 several upbeat profits reports while awaiting Friday's essential tasks report and any trade policy moves.

Drugmaker Eli Lilly increased 3.4% after the company anticipated annual profit mainly above quotes, while style 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 projection 2025 revenue above quotes.

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will try to find 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 spent establishing the innovation.

"Today, the main focus is corporate earnings. 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 actually been under rather a great deal of volatility over the last few weeks with the DeepSeek news ... We ´ re watching tonight for any thoughts that (Amazon) needs to state around that," Hill said.

Honeywell fell 5.5% after the industrial and aerospace giant said it would split into 3 independently noted business and projection downbeat sales and earnings 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%, elclasificadomx.com 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 higher, with consumer 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, however suspended the levies on items from Mexico and Canada on Monday for a month.

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

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

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

Elsewhere in business moves, Skyworks Solutions 23.5% after the Apple provider forecast declines in profits 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 company would not see sales development this year after a license arrangement with Huawei Technologies ended.

Ford Motor dropped 6.4% after the automaker projection approximately $5.5 billion in losses in its electrical vehicle and software application operations this year.

Advancing concerns surpassed decliners by a 1.07-to-1 ratio on the New York Stock Exchange, and equipifieds.com 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 recorded 111 new highs and 77 new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru