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

Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising yearly sales and profit 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 investors sorted through numerous upbeat earnings reports while awaiting Friday's essential tasks report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly earnings mainly above quotes, while style house Tapestry jumped 12.6% on a yearly sales and earnings projection increase.

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

Amazon.com ticked up 0.7% ahead of its quarterly incomes report, expected after the bell. Investors will search for updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's more affordable AI model sharpened financier examination of the billions U.S. tech giants have actually invested developing the innovation.

"Today, the main focus is business 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 actually been under quite a lot of volatility over the last couple of 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 commercial and aerospace giant said it would split into three independently listed companies 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 wiki-tb-service.com 0.40%, genbecle.com to 44,694.03, the S&P 500 gained 11.56 points, or 0.20%, setiathome.berkeley.edu to 6,073.04 and the Nasdaq Composite gained 67.37 points, or 0.34%, setiathome.berkeley.edu 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 miserable 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 important metric in assessing the state of the labor market and the Federal Reserve's rate course.

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

Data released on Thursday revealed the variety of Americans filing brand-new applications for joblessness benefits increased reasonably recently.

Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple supplier projection decreases in earnings in its mobile segment and forecasted current-quarter profits listed below price quotes.

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

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

Advancing problems surpassed decliners by a 1.07-to-1 ratio on the New York Stock Exchange, akropolistravel.com and by a 1.04-to-1 ratio on the Nasdaq.