01:30 PM EST, 02/06/2025 (MT Newswires) -- US equity indexes traded mixed as investors weighed stronger-than-expected jobless claims ahead of January's nonfarm payrolls and Amazon.com's ( AMZN ) quarterly earnings after the bell.

The Nasdaq Composite rose 0.3% to 19,757.1, and the S&P 500 added 0.2% to 6,076.2 after midday Thursday. The Dow Jones Industrial Average fell 0.3% to 44,725.5. Consumer staples and financials were among the gainers, while energy led the decliners intraday.

US initial jobless claims rose to 219,000 in the week ended Feb. 1 from an upwardly revised 208,000 in the previous week, compared with expectations for 213,000 in a survey of analysts compiled by Bloomberg.

"The data continues to reflect a labor market trending sideways," Jefferies US Economist Thomas Simons said in a note. "Demand is soft, but there is also little imperative for businesses to shed payroll via layoffs."

Meanwhile, outplacement firm Challenger, Gray & Christmas said companies planned to cut 49,795 jobs in January, up from 38,792 in December but below the 82,307 level in January 2024. The current month's level is the lowest for a January report since 2022.

According to Bloomberg-compiled data, nonfarm payrolls, a closely monitored metric for the US labor market, likely grew by 169,000 last month compared with the 256,000 gain reported in December.

US Treasury yields advanced intraday, with the 10-year up 2.2 basis points to 4.44% and the two-year rate 2.1 basis points higher at 4.21%.

Amazon.com ( AMZN ) will report quarterly results after the bell on Thursday. Earlier this week, Alphabet (GOOG, GOOGL) reported that revenue in its cloud segment rose to $11.96 billion from $9.19 billion. The sales still lagged market expectations, drawing attention toward Amazon ( AMZN ), which has a substantial cloud business.

In company news, Ralph Lauren ( RL ) reported fiscal Q3 adjusted earnings and sales that beat the market's expectations. Shares soared over 12% intraday, the top performer on the S&P 500.

Skyworks Solutions ( SWKS ) reported fiscal Q1 non-GAAP net income and net revenue late Wednesday that declined from a year ago. Shares sank 23% intraday, the worst performer on the S&P 500.

Honeywell International ( HON ) unveiled plans to split into three publicly-listed entities as part of a goal to optimize its portfolio and issued a downbeat full-year outlook, taking the shine out of its Q4 beat. Shares slumped 5.4% intraday, among the steepest decliners on the Nasdaq and the Dow.

West Texas Intermediate crude oil futures fell 0.5% to $70.71 a barrel.

Gold futures dropped 0.6% to $2,874.01, retreating from a record high. Silver slid 1% to $32.66.