Wall Street Mixed as Earnings, Jobs Report Loom; Tech Stocks Shake Up Market

NEW YORK — Wall Street faced a mixed open Thursday as investors awaited key earnings reports from Amazon and the government’s monthly jobs data, while major tech stocks experienced significant volatility following corporate shake-ups and market speculation.

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted back-to-back gains ahead of Amazon’s quarterly earnings report Thursday evening and the U.S. jobs report Friday morning. Market analysts are closely watching these indicators for signs of economic direction.

Honeywell International announced plans to split into three divisions — automation, aerospace, and advanced materials — following pressure from activist investors. The company’s stock fell 3% as its guidance failed to impress investors. “The split was expected, but the lack of strong forward-looking statements is concerning,” said one market analyst.

In the semiconductor sector, Skyworks Solutions lost its exclusive Apple business, with analysts pointing to Broadcom as the likely beneficiary. The news sent Skyworks shares plunging more than 25%, leading to the departure of CEO Liam Griffin. Broadcom’s stock rose modestly, extending its winning streak to three sessions.

Meanwhile, Qualcomm expressed optimism about its position in the AI market, citing potential benefits from Chinese startup DeepSeek‘s claims of more efficient AI models. However, Arm Holdings saw its stock drop more than 4.5% despite a strong quarter, as investors were disappointed by its lack of upward guidance.

In other market moves, Stanley Black & Decker saw its price target cut by Citi from $135 to $118 per share following a disappointing earnings report. Pharmaceutical companies showed mixed results, with Eli Lilly shares rising 1% on in-line guidance, while Bristol-Myers Squibb fell 6% due to revenue guidance that missed Wall Street expectations.

Ford Motor Company announced a 15-cent special dividend but faced criticism over its electric vehicle losses and tariff impacts. The automaker’s shares dropped more than 5% despite beating earnings estimates, as weak 2025 guidance weighed on investor sentiment.