(Updates to mid-afternoon)

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European shares touch record high

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Gold snaps winning streak

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Bank of England cuts UK interest rates, pound weakens

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Earnings season in full swing, Amazon ( AMZN ) due aftermarket

By Stephen Culp

NEW YORK, Feb 6 (Reuters) - U.S. stocks turned lower in

choppy trading on Thursday amid a spate of mixed earnings, while

waning concerns over widening tariff conflicts capped gold's

string of record highs.

Meanwhile, a rate cut from the Bank of England (BoE) helped

European shares scale an all-time peak.

The S&P 500 and the Nasdaq reversed to join the Dow in

negative territory, and benchmark Treasury yields appeared set

to snap their three-day slide.

"Today's market action is largely driven by the earnings

that came out last night and this morning," said Peter Tuz,

president of Chase Investment Counsel in Charlottesville,

Virginia. "You had a totally mixed bag of earnings and slashed

guidance from a variety of companies in a variety of

industries."

Honeywell ( HON ) shares fell after the industrial

conglomerate announced it would split into three separate

companies and provided downbeat 2025 forecasts.

Amazon's ( AMZN ) results are expected after the bell, with

the e-commerce giant under pressure to deliver on lofty

expectations for cloud computing after unimpressive reports from

Microsoft ( MSFT ) and Alphabet this week.

On the economic front, jobless claims, layoffs and labor

costs/productivity provided a prologue to Friday's keenly

anticipated January employment report.

Domestic and international political uncertainties continue

to simmer in the background, while fears that U.S. President

Donald Trump's approach to tariffs could escalate into a global

trade war have somewhat diminished.

"We are witnessing a resilient economy ... against a

backdrop of geopolitical concerns, and an expectation of some

sort of chaos down the road," said Oliver Pursche, senior vice

president at Wealthspire Advisors in New York.

The Dow Jones Industrial Average fell 290.48

points, or 0.65%, to 44,582.80, the S&P 500 fell 7.53

points, or 0.13%, to 6,053.90 and the Nasdaq Composite

fell 11.21 points, or 0.06%, to 19,681.12.

European shares touched an all-time high, powered by upbeat

earnings, as investors weighed the possibility of a Ukraine

peace plan.

Britain's FTSE 100 also reached a record peak as the BoE cut

interest rates by 25 basis points but warned it would be

cautious going forward, in the face of a potential inflation

uptick and geopolitical worries.

MSCI's gauge of stocks across the globe

rose 0.88 points, or 0.10%, to 872.57.

The STOXX 600 index rose 1.17%, while Europe's

broad FTSEurofirst 300 index rose 26.54 points, or

1.24%.

Emerging market stocks rose 6.63 points, or 0.61%,

to 1,102.42. MSCI's broadest index of Asia-Pacific shares

outside Japan closed higher by 0.62%, to 580.13,

while Japan's Nikkei rose 235.05 points, or 0.61%, to

39,066.53.

U.S. Treasury yields drifted slightly higher, on course to

snap a three-day slide to multi-week lows as trade war jitters

subsided and investors trained their focus on Friday's payrolls

report.

The yield on benchmark U.S. 10-year notes rose

1.6 basis points to 4.436%, from 4.42% late on Wednesday.

The 30-year bond yield rose 0.3 basis points to

4.6447% from 4.642% late on Wednesday.

The 2-year note yield, which typically moves in

step with interest rate expectations for the Federal Reserve,

rose 2.1 basis points to 4.206%, from 4.185% late on Wednesday.

The dollar edged higher as the Japanese yen hit an 8-week

high while sterling lost ground in the wake of the BoE rate

decision, after reaching a one-month high on Wednesday.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

rose 0.06% to 107.71, with the euro down 0.21% at $1.038.

Against the Japanese yen, the dollar weakened 0.82% to

151.35.

The Japanese yen strengthened 0.82% against the

greenback to 151.35 per dollar.

Sterling weakened 0.58% to $1.2433.

The Mexican peso strengthened 0.58% versus the

dollar at 20.481.

The Canadian dollar weakened 0.01% versus the

greenback to C$1.43 per dollar.

In cryptocurrencies, bitcoin fell 0.92% to

$96,033.96. Ethereum declined 3.28% to $2,694.81.

Oil prices reversed earlier gains amid choppy trading as

President Trump's renewed pledge to boost production raised

oversupply concerns.

U.S. crude dropped 0.59% to $70.61 per barrel, while

Brent fell to $74.29 per barrel, down 0.43% on the day.

Gold reversed its multi-session rally, which was driven by a

risk-off flight to safety that drove the precious metal to a

record high.

Spot gold fell 0.51% to $2,850.48 an ounce. U.S. gold

futures fell 0.5% to $2,857.30 an ounce.