US STOCKS-S & P 500, Nasdaq Rise On Upbeat Earnings; Amazon, Jobs
Honeywell to separate aerospace and automation services
Tapestry jumps after raising yearly sales and earnings forecast
Amazon ticks up ahead of profits
Indexes: Dow down 0.4%, junkerhq.net 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, wiki.asexuality.org as investors sorted through several positive profits reports while awaiting Friday's crucial jobs report and online-learning-initiative.org any trade policy moves.
Drugmaker Eli Lilly increased 3.4% after the company anticipated yearly profit mainly above estimates, while fashion house Tapestry jumped 12.6% on a and profit projection boost.
Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly results 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 artificial intelligence investments, after Chinese startup DeepSeek's more affordable AI design honed investor analysis of the billions U.S. tech giants have actually invested establishing the technology.
"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 been under rather a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re watching tonight for any thoughts that (Amazon) has to state around that," Hill said.
Honeywell fell 5.5% after the commercial and aerospace giant said it would split into 3 separately listed 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, vmeste-so-vsemi.ru or setiathome.berkeley.edu 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 dismal start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, however suspended the levies on products from Mexico and Canada on Monday for a month.
The January nonfarm payrolls report is due on Friday, forum.pinoo.com.tr a vital metric in evaluating 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 meeting in March, however a cut is extensively anticipated in June, according to the CME's FedWatch.
Data launched on Thursday revealed the variety of Americans submitting new applications for welfare increased reasonably last week.
Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple supplier forecast decreases in income in its mobile segment and predicted current-quarter profits below estimates.
Qualcomm fell 4.8% as the chip designer's executives said its profitable 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 projection up to $5.5 billion in losses in its electrical automobile and software operations this year.
Advancing issues 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 published 30 new 52-week highs and nine new lows while the Nasdaq Composite recorded 111 new highs and akropolistravel.com 77 new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)