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Apple ( AAPL ) falls after brokerage downgrade

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3M ( MMM ) up after fourth-quarter profit beat

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Walgreens falls after DoJ accusation on opioid

prescriptions

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Indexes up: Dow 0.91%, S&P 500 0.48%, Nasdaq 0.09%

(Updates with mid-session trading)

By Johann M Cherian and Sukriti Gupta

Jan 21 (Reuters) - Wall Street's main indexes rose on

Tuesday, with the blue-chip Dow at a more than one-month high,

as investors assessed President Donald Trump's executive orders

after taking office and awaited his first move on trade policy.

Trump did not lay out any concrete plans on the universal

tariffs and additional surcharges on close trade partners as

previously promised, but said he was thinking about imposing

duties on Canadian and Mexican goods as early as Feb. 1.

While investors remain cautious about Trump's tariff

policies, which could spark a global trade war and fresh

inflation pressures, brokerage Goldman Sachs lowered its

forecast for a universal tariff this year to 25% from about 40%

seen in December.

"Trump is all about getting deals, and that is what he is

seeking to do with his tariffs," said Dan Boardman-Weston, CEO

at BRI Wealth Management.

"So assuming that any government sits down with him and

tries to work on a compromise, the tariffs will not be as severe

as people were may be expecting."

At 11:46 a.m. ET the Dow Jones Industrial Average

rose 396.33 points, or 0.91%, to 43,884.16, the S&P 500

gained 28.95 points, or 0.48%, to 6,025.61 and the Nasdaq

Composite gained 17.53 points, or 0.09%, to 19,647.73.

Nine of the 11 S&P 500 sectors rose, with industrials

leading with a 1.8% increase. The equally-weighted S&P

500 index added 1% and hit a one-month high.

The domestically focused small-cap Russell 2000 index

rose 1.5% to touch a one-month high.

Shares of automakers, which are most sensitive to tariffs

due to their vast supply chains, rose. Ford gained 1.7%, while

General Motors ( GM ) added 4.7%, following a rating upgrade by

Deutsche Bank.

During the first year of Trump's earlier administration, the

S&P 500 rose 19.4%, while the benchmark index rose nearly

68% through his four-year term, but saw bouts of volatility,

stemming in part from a trade war Trump fought with China.

Last week, the S&P 500 and Dow registered their biggest

weekly percentage gains since early November, helped by strong

bank earnings and signs that underlying inflation was cooling.

However, inflation is still above the Federal Reserve's 2%

target, and fuelling worries that Trump's policies could delay

the central bank's pace of monetary policy easing.

Economists see the Fed leaving borrowing costs unchanged

when it meets next week and traders see the first interest rate

cut coming in July, according to data compiled by LSEG.

Tech stocks fell, with Apple ( AAPL ) sliding 4.5%

after brokerage Jefferies cut its rating to 'underperform'.

3M ( MMM ) rose 4.5% after posting upbeat fourth-quarter

profits.

Walgreens fell 13.6% after the Justice Department

accused it of filling unlawful prescriptions for addictive

painkillers and other drugs.

Moderna ( MRNA ) rose 6% after securing $590 million from

the U.S. to hasten development of its bird flu vaccine.

Advancing issues outnumbered decliners by a 4.64-to-1 ratio

on the NYSE, and by a 2.18-to-1 ratio on the Nasdaq.

The S&P 500 posted 36 new 52-week highs and no new lows,

while the Nasdaq Composite recorded 101 new highs and 58 new

lows.

(Reporting by Johann M Cherian and Sukriti Gupta in Bengaluru;

Editing by Shinjini Ganguli)