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 profits
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 numerous positive earnings reports while awaiting Friday's essential jobs report and any trade policy moves.
Drugmaker Eli Lilly increased 3.4% after the company forecast yearly mainly above price quotes, while fashion home Tapestry jumped 12.6% on an annual sales and revenue projection boost.
Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly outcomes and forecast 2025 profit above quotes.
Amazon.com ticked up 0.7% ahead of its quarterly revenues report, expected after the bell. Investors will search for updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's less expensive AI design sharpened financier examination of the billions U.S. tech giants have actually spent establishing the innovation.
"Today, the main focus is corporate incomes. 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 lot of volatility over the last couple of weeks with the DeepSeek news ... We ´ re seeing tonight for any ideas 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 independently noted companies and forecast downbeat sales and revenue 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 0.20%, to 6,073.04 and genbecle.com 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 disappointing start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, but suspended the levies on items from Mexico and Canada on Monday for a month.
The January nonfarm payrolls report is due on Friday, a crucial 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 rate of interest in its next conference in March, but a cut is extensively expected in June, according to the CME's FedWatch.
Data launched on Thursday showed the variety of Americans submitting new applications for joblessness advantages increased moderately last week.
Elsewhere in corporate relocations, Skyworks Solutions plunged 23.5% after the Apple provider projection declines in revenue in its mobile segment and forecasted current-quarter profits below quotes.
Qualcomm fell 4.8% as the chip designer's executives said its lucrative patent-licensing business would not see sales growth this year after a license arrangement with Huawei Technologies ended.
Ford Motor dropped 6.4% after the automaker forecast as much as $5.5 billion in losses in its electrical vehicle and software 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 posted 30 brand-new 52-week highs and nine brand-new lows while the Nasdaq Composite recorded 111 brand-new highs and 77 brand-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)