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US STOCKS-S & P 500, Nasdaq Rise On Upbeat Earnings; Amazon, Jobs

Honeywell to separate aerospace and automation businesses

Tapestry jumps after raising yearly sales and forum.pinoo.com.tr profit forecast

Amazon ticks up ahead of incomes

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 financiers sorted through numerous positive earnings reports while awaiting Friday’s key tasks report and any trade policy relocations.

Drugmaker Eli Lilly rose 3.4% after the business anticipated yearly earnings mainly above price quotes, while style home Tapestry jumped 12.6% on an annual sales and earnings projection boost.

Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly results and forecast 2025 earnings above quotes.

Amazon.com ticked up 0.7% ahead of its quarterly revenues report, expected after the bell. Investors will search for updates on its synthetic intelligence investments, after Chinese start-up DeepSeek’s cheaper AI design honed investor scrutiny of the billions U.S. tech giants have actually spent establishing the technology.

“Today, the main focus is business revenues. Tariffs remain in the background,” said Zachary Hill, head of portfolio management at Horizon Investments.

“Amazon will be the sixth of the Magnificent Seven to report. The AI style has been under quite a lot of volatility over the last few weeks with the DeepSeek news … We ´ re enjoying tonight for any thoughts that (Amazon) has to state around that,” Hill said.

Honeywell fell 5.5% after the commercial and aerospace giant said it would split into three individually listed companies and projection downbeat sales and earnings 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%, dokuwiki.stream 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 greater, with consumer staples leading gains, and energy stocks losing the most ground.

Markets saw a miserable start to the week when U.S. President Donald Trump revealed sweeping trade tariffs over the weekend, however suspended the levies on goods from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, an important metric in the state of the labor market and the Federal Reserve’s rate path.

Traders do not expect the Fed to make a move on rate of interest in its next conference in March, however a cut is extensively prepared for in June, elearnportal.science according to the CME’s FedWatch.

Data launched on Thursday revealed the number of Americans filing brand-new applications for unemployment advantages increased reasonably last week.

Elsewhere in corporate moves, Skyworks Solutions plunged 23.5% after the Apple provider projection decreases in earnings in its mobile segment and projected current-quarter profits listed below estimates.

Qualcomm fell 4.8% as the chip designer’s executives said its financially rewarding patent-licensing business would not see sales development this year after a license contract with Huawei Technologies expired.

Ford Motor dropped 6.4% after the automaker forecast as much as $5.5 billion in losses in its electric vehicle and wikibase.imfd.cl software operations this year.

Advancing concerns surpassed 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 published 30 new 52-week highs and nine brand-new lows while the Nasdaq Composite taped 111 brand-new highs and 77 new lows. (Reporting by Abigail Summerville in New York, Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Pooja Desai, Shinjini Ganguli and Nia Williams)

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  • Company Size 200 ~ 500 employees
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