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Honeywell ( HON ) to separate aerospace and automation businesses

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Tapestry up after raising annual sales forecast

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Futures: Dow up 0.01%, S&P 500 up 0.02%, Nasdaq down 0.19%

(Updates with results from Honeywell ( HON ), Eli Lilly ( LLY ), Tapestry)

By Shashwat Chauhan and Sukriti Gupta

Feb 6 (Reuters) - U.S. stock index futures took a pause

on Thursday as investors evaluated a wave of corporate earnings,

while a seeming lull in the escalation of U.S. President Donald

Trump's tariffs gave markets some reprieve.

Industrial and aerospace giant Honeywell ( HON ) said it

will split into three independently listed companies. However,

shares fell 3.7% after the company forecast downbeat sales and

profit for 2025.

Drugmaker Eli Lilly rose 1.5% after it forecast

annual profit largely above estimates, while Coach-parent

Tapestry added 7.7% after raising its annual sales

forecast.

Amazon.com ( AMZN ), which is set to report after markets

close, is under pressure to deliver on lofty cloud computing

expectations.

At 07:00 a.m. ET, Dow E-minis were up 3 points, or

0.01%, S&P 500 E-minis were up 1.25 points, or 0.02%,

and Nasdaq 100 E-minis were down 41.75 points, or 0.19%.

Most megacap and growth stocks edged up, with Nvidia ( NVDA )

adding about 0.7% in premarket trading.

Markets witnessed a dismal start to the week when Trump

announced sweeping trade tariffs over the weekend, but suspended

the levies on goods from Mexico and Canada on Monday for a

month.

Although many uncertainties remain under Trump's new

administration, Wall Street was relieved that things were not

worse, particularly with regard to counter-tariffs against the

United States from Beijing.

"Markets may have breathed a temporary sigh of relief as US

tariffs against Canada and Mexico are put on hold for now, and

China's initial retaliatory response is considered restrained,"

Mark Haefele, chief investment officer at UBS Global Wealth

Management, said in a note.

Federal Reserve Vice Chair Philip Jefferson said overnight

that he was content to keep interest rates steady until

policymakers had a better sense of the net effects of the Trump

administration's policies on tariffs, immigration, deregulation

and taxes.

Traders do not expect the Fed to make a move on interest

rates in its next meeting in March, but a cut is widely

anticipated in June, according to the CME's FedWatch.

Analysts have broadly estimated that Trump's tariff plans

could spur domestic inflation and likely slow the Fed's rate

cuts.

A weekly jobless claims report is due before markets open,

leading up to the all-important January nonfarm payrolls report

on Friday.

All three major indexes closed higher in a choppy session on

Wednesday, bringing the S&P 500 about 1% away from its

all-time high.

Among early movers, U.S.-listed shares of Arm Holdings

dropped 3.8% after the chip-tech provider topped

current-quarter expectations, but said it would no longer meet

the top end of its previous full-year forecast.

Qualcomm ( QCOM ) fell 4.2% after the chip designer's

executives said its lucrative patent-licensing business would

not see sales growth this year, following the expiration of an

agreement with Huawei Technologies.

Ford Motor ( F ) lost 6.4% after the automaker forecast up

to $5.5 billion in losses in its electric-vehicle and software

operations this year.

Skyworks Solutions ( SWKS ) plunged 29.9% after the Apple

supplier forecast declines in revenue in its mobile segment and

projected current-quarter profits below estimates.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru;

Editing by Pooja Desai and Shinjini Ganguli)