(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Indexes: Dow up 0.28%, S&P 500 down 0.08%, Nasdaq off

0.17%

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Honeywell gains after rise in Q1 profit

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General Motors ( GM ) pulls forecast on tariff uncertainty

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HSBC slashes S&P 500 year-end target

(Updates after labor market data)

By Lisa Pauline Mattackal and Purvi Agarwal

April 29 (Reuters) -

The S&P 500 and the Nasdaq edged lower on Tuesday as

investors assessed a slew of corporate earnings and economic

data, while fresh comments on the U.S.-China trade war dashed

hopes for a quick resolution of the conflict.

U.S. Treasury Secretary Scott Bessent said the "onus"

was on China and

predicted

the Asian country could lose 10 million jobs quickly due to

tariffs.

The world's two largest economies have slapped

tit-for-tat import tariffs on each other and uncertainty around

the state of negotiations between the two has kept markets on

edge.

At 10:01 a.m. ET, the Dow Jones Industrial Average

rose 113.62 points, or 0.28%, to 40,341.21, the S&P 500

lost 4.50 points, or 0.08%, to 5,524.25 and the Nasdaq Composite

lost 30.26 points, or 0.17%, to 17,335.59.

Honeywell jumped 4.2% after posting a rise in

adjusted profit for the first quarter, supporting the blue-chip

Dow. Paintmaker Sherwin-Williams also gained 5.2% after

beating first-quarter profit estimates.

Most megacaps were lower on the day, with Amazon.com ( AMZN )

leading declines after the White House commented on

reports of the e-commerce giant planning to include the cost of

tariffs on the price tag of products, calling it a hostile act.

On the data front, U.S. job openings came in at 7.19 million

in March, compared with estimates of 7.48 million, according to

economists polled by Reuters. A gauge of consumer confidence

came in at 86, below estimates of 87.5.

More economic data, including nonfarm payrolls, is

expected this week, Results from many of the "Magnificent Seven"

group of megacap stocks are also due, with investors hawk-eyed

on any signs of tariff impact on their outlook.

"We're just in this eye of the storm, if you will, for a lot

of investors, consumers, and business leaders wondering what the

future looks like as potential tariffs kick in down the road,"

said Matthew Stucky, chief portfolio manager at Northwestern

Mutual Wealth Management.

U.S. officials said on Monday President Donald Trump's

administration will move to reduce the impact of his automotive

tariffs.

Shares Ford and Tesla edged only slightly

higher, while General Motors ( GM ) slipped 1.9% after the

automaker pulled its annual forecast due to tariff uncertainty.

"Suppliers might gain some cost recovery, but ... relief

today doesn't fix the longer-term challenge: U.S. car prices are

heading higher just as economic momentum fades," analysts at

Bernstein said.

All three major indexes remain down for the year, despite

the S&P 500 logging its best winning streak since November on

Monday. HSBC became the latest brokerage to trim its year-end

target for the S&P 500 index, cutting it to 5,600 from 6,700

earlier.

United Parcel Service ( UPS ), a bellwether for the economy,

reversed premarket gains to fall 1.2% after its quarterly

results.

NXP Semiconductors NV ( NXPI ) fell 6.4% after the company

only slightly beat expectations for revenue, and announced a CEO

transition.

U.S.-listed shares of Spotify Technologies ( SPOT ) dropped

8.4% after the Swedish music-streaming giant forecast

current-quarter operating profit below Wall Street estimates.

Declining issues outnumbered advancers by a 1.35-to-1 ratio

on the NYSE and by a 1.35-to-1 ratio on the Nasdaq.

The S&P 500 posted no new 52-week highs and 4 new lows while

the Nasdaq Composite recorded 14 new highs and 32 new lows.