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

Honeywell to separate aerospace and automation companies

Tapestry leaps after raising yearly sales and revenue 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 rose on Thursday, as financiers sifted through a number of upbeat earnings reports while awaiting Friday's crucial jobs report and any trade policy relocations.

Drugmaker Eli Lilly increased 3.4% after the business anticipated annual revenue mainly above estimates, while fashion house Tapestry jumped 12.6% on an annual sales and profit forecast boost.

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

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, expected after the bell. Investors will try to find updates on its expert system investments, after Chinese start-up DeepSeek's more affordable AI model sharpened financier analysis of the billions U.S. tech giants have actually spent establishing the innovation.

"Today, the main focus is business 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 been under quite a great deal of volatility over the last couple of 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 commercial and aerospace giant said it would split into 3 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), 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 garagesale.es 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 dismal 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 move on interest rates in its next conference in March, however a cut is commonly anticipated in June, according to the CME's FedWatch.

Data launched on Thursday showed the variety of Americans filing brand-new applications for welfare increased reasonably last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in revenue in its mobile segment and forecasted current-quarter profits listed below estimates.

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

Ford Motor dropped 6.4% after the approximately $5.5 billion in losses in its electric car and software operations this year.

Advancing issues surpassed decliners by a 1.07-to-1 ratio on the New York Stock Exchange, coastalplainplants.org and by a 1.04-to-1 ratio on the Nasdaq.

The S&P 500 posted 30 new 52-week highs and 9 new lows while the Nasdaq Composite recorded 111 brand-new highs and 77 new lows. (Reporting by Abigail Summerville in New York City, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)