US STOCKS-S & P 500, Nasdaq Rise On Upbeat Earnings; Amazon, Jobs
Honeywell to separate aerospace and automation organizations
Tapestry leaps after raising yearly sales and revenue projection
Amazon 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 sorted through several positive incomes reports while awaiting Friday's key tasks report and any trade policy moves.
Drugmaker Eli Lilly rose 3.4% after the business forecast annual earnings mainly above price quotes, while style house Tapestry jumped 12.6% on a yearly sales and revenue forecast boost.
Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly results and projection 2025 profit above estimates.
Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will search for updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's more affordable AI design honed financier analysis of the billions U.S. tech giants have actually invested developing the innovation.
"Today, the main focus is corporate profits. 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 theme has actually been under quite a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re viewing tonight for any ideas that (Amazon) has to state around that," Hill said.
Honeywell fell 5.5% after the commercial and aerospace giant said it would split into 3 individually noted companies and forecast downbeat sales and profit for 2025. The sharp decrease dragged down the Dow.
At 1:45 p.m.
Honeywell to separate aerospace and automation organizations
Tapestry leaps after raising yearly sales and revenue projection
Amazon 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 sorted through several positive incomes reports while awaiting Friday's key tasks report and any trade policy moves.
Drugmaker Eli Lilly rose 3.4% after the business forecast annual earnings mainly above price quotes, while style house Tapestry jumped 12.6% on a yearly sales and revenue forecast boost.
Philip Morris International advanced 10.2% after the cigarette maker published better-than-expected quarterly results and projection 2025 profit above estimates.
Amazon.com ticked up 0.7% ahead of its quarterly revenues report, anticipated after the bell. Investors will search for updates on its synthetic intelligence financial investments, after Chinese start-up DeepSeek's more affordable AI design honed financier analysis of the billions U.S. tech giants have actually invested developing the innovation.
"Today, the main focus is corporate profits. 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 theme has actually been under quite a great deal of volatility over the last couple of weeks with the DeepSeek news ... We ´ re viewing tonight for any ideas that (Amazon) has to state around that," Hill said.
Honeywell fell 5.5% after the commercial and aerospace giant said it would split into 3 individually noted companies and forecast downbeat sales and profit for 2025. The sharp decrease dragged down the Dow.
At 1:45 p.m.