*

Honeywell ( HON ) to separate aerospace and automation businesses

*

Tapestry jumps after raising annual sales and profit

forecast

*

Amazon ( AMZN ) ticks up ahead of earnings

*

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 rose on

Thursday, as investors sifted through several upbeat earnings

reports while awaiting Friday's key jobs report and any trade

policy moves.

Drugmaker Eli Lilly rose 3.4% after the company

forecast annual profit largely above estimates, while fashion

house Tapestry jumped 12.6% on an annual sales and

profit forecast increase.

Philip Morris International ( PM ) advanced 10.2% after the

cigarette maker posted better-than-expected quarterly results

and forecast 2025 profit above estimates.

Amazon.com ( AMZN ) ticked up 0.7% ahead of its quarterly

earnings report, expected after the bell. Investors will look

for updates on its artificial intelligence investments, after

Chinese startup DeepSeek's cheaper AI model sharpened investor

scrutiny of the billions U.S. tech giants have spent developing

the technology.

"Today, the main focus is corporate earnings. Tariffs are in

the background," said Zachary Hill, head of portfolio management

at Horizon Investments.

"Amazon ( AMZN ) will be the sixth of the Magnificent Seven to

report. The AI theme has been under quite a lot of volatility

over the last few weeks with the DeepSeek news ...We're watching

tonight for any thoughts that (Amazon ( AMZN )) has to say around that,"

Hill said.

Honeywell ( HON ) fell 5.5% after the industrial and

aerospace giant said it would split into three independently

listed companies and forecast downbeat sales and profit for

2025. The sharp decline 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, 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

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 announced sweeping trade tariffs over the weekend,

but suspended the levies on goods from Mexico and Canada on

Monday for a month.

The January nonfarm payrolls report is due on Friday, a

crucial metric in gauging the state of the labor market and the

Federal Reserve's rate path.

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.

Data released on Thursday showed the number of Americans

filing new applications for unemployment benefits increased

moderately last week.

Elsewhere in corporate moves, Skyworks Solutions ( SWKS )

plunged 23.5% after the Apple supplier forecast declines in

revenue in its mobile segment and projected current-quarter

profits below estimates.

Qualcomm ( QCOM ) fell 4.8% as the chip designer's

executives said its lucrative patent-licensing business would

not see sales growth this year after a license agreement with

Huawei Technologies expired.

Ford Motor ( F ) dropped 6.4% after the automaker forecast

up to $5.5 billion in losses in its electric vehicle 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 posted 30 new 52-week highs and nine new lows

while the Nasdaq Composite recorded 111 new highs and 77 new

lows.