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Honeywell to separate aerospace and automation organizations

Tapestry leaps after raising yearly sales and profit forecast

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 increased on Thursday, as financiers sorted through several upbeat profits reports while awaiting Friday's essential and any trade policy moves.

Drugmaker Eli Lilly increased 3.4% after the company forecast yearly profit mainly above estimates, while fashion home Tapestry jumped 12.6% on a yearly sales and profit forecast increase.

Philip Morris International advanced 10.2% after the cigarette maker posted better-than-expected quarterly results and projection 2025 revenue above estimates.

Amazon.com ticked up 0.7% ahead of its quarterly profits report, anticipated after the bell. Investors will try to find updates on its expert system financial investments, after Chinese start-up DeepSeek's cheaper AI model sharpened investor examination of the billions U.S. tech giants have invested establishing the innovation.

"Today, the main focus is corporate 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 actually been under quite a lot of volatility over the last few weeks with the DeepSeek news ... We ´ re seeing tonight for any ideas that (Amazon) has to state around that," Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would divide into three individually listed business and projection downbeat sales and revenue 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, wiki.snooze-hotelsoftware.de the S&P 500 gained 11.56 points, 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 higher, with customer staples leading gains, and energy stocks losing the most ground.

Markets saw a depressing 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, an essential metric in assessing the state of the labor market and the Federal Reserve's rate path.

Traders do not anticipate the Fed to make a relocation 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 number of Americans submitting new applications for joblessness benefits increased moderately last week.

Elsewhere in business relocations, Skyworks Solutions plunged 23.5% after the Apple provider forecast decreases in income in its mobile section and forecasted current-quarter profits listed below estimates.

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 agreement with Huawei Technologies expired.

Ford Motor dropped 6.4% after the automaker forecast approximately $5.5 billion in losses in its electrical car 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 taped 111 new highs and 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)