Thu Feb 06 15:20:00 UTC 2025: ## Market Mixed Ahead of Key Reports; Honeywell Splits, Skyworks Plummets

**New York, NY** – Wall Street is anticipating a mixed open Thursday, with the Dow, S&P 500, and Nasdaq riding a wave of back-to-back gains. Investor focus remains on Amazon’s upcoming quarterly earnings report and Friday’s crucial jobs report.

Meanwhile, the market saw significant turbulence in the tech sector. Honeywell International Inc. announced plans to split into three independent divisions – automation, aerospace, and advanced materials – following pressure from activist investors. Despite the announcement, the company offered limited guidance, resulting in a 3% drop in its stock price.

In a more dramatic turn of events, Skyworks Solutions Inc., a key supplier to Apple, suffered a major blow. Losing its sole-source status with Apple to Broadcom, Skyworks saw its stock plummet over 25%. The change triggered a wave of analyst downgrades and the departure of CEO Liam Griffin. The news underscores the increasing competitive pressure within the wireless chip market.

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