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

Honeywell to separate aerospace and automation organizations

Tapestry leaps after raising annual sales and earnings 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 increased on Thursday, as financiers sifted through numerous positive incomes reports while awaiting Friday’s key tasks report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the business forecast yearly earnings mainly above quotes, while fashion house Tapestry leapt 12.6% on a yearly sales and revenue projection 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 profits report, expected after the bell. Investors will search for updates on its artificial intelligence investments, after Chinese startup DeepSeek’s cheaper AI design honed investor analysis of the billions U.S. tech giants have actually spent establishing the innovation.

„Today, the main focus is corporate profits. 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 actually been under rather a lot of volatility over the last few weeks with the DeepSeek news … We ´ re viewing tonight for any ideas 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 separately noted companies and projection 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, kenpoguy.com 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 revealed 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, a vital metric in gauging the state of the labor market and the Federal Reserve’s rate path.

Traders do not expect the Fed to make a move on interest rates in its next meeting in March, setiathome.berkeley.edu but a cut is commonly anticipated in June, according to the CME’s FedWatch.

Data released on Thursday revealed the number of Americans submitting brand-new applications for unemployment advantages increased moderately recently.

Elsewhere in business moves, Skyworks Solutions plunged 23.5% after the Apple supplier forecast decreases in revenue in its mobile section and predicted current-quarter revenues listed below quotes.

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

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

Advancing concerns 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 new 52-week highs and forum.batman.gainedge.org 9 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; by Pooja Desai, Shinjini Ganguli and Nia Williams)