NEW YORK, March 31 (Xinhua) -- U.S. stocks ended mixed on Monday, recovering from deep losses in the morning as traders anxiously awaited U.S. President Donald Trump's tariff plans.

The Dow Jones Industrial Average rose 417.86 points, or 1.00 percent, to 42,001.76. The S&P 500 added 30.91 points, or 0.55 percent, to 5,611.85, its biggest one-day intraday comeback in nearly two and a half years. The Nasdaq Composite Index shed 23.70 points, or 0.14 percent, to 17,299.29.

Ten of the 11 primary S&P 500 sectors ended in green, with consumer staples and financials leading the gainers by going up 1.63 percent and 1.25 percent, respectively. Meanwhile, consumer discretionary bucked the trend by going down 0.18 percent.

Tech stocks struggled, with Nvidia and Tesla both falling more than 1 percent. Nvidia, once the face of the artificial intelligence boom, is now 30 percent below its 52-week high. Meanwhile, investors seeking stability pushed shares of Dow components such as Coca-Cola and Walmart higher.

Trump reaffirmed on Sunday that his plan for "reciprocal tariffs," set to be unveiled Wednesday, would apply to all countries. The Wall Street Journal reported that he had recently urged his advisors to take a more aggressive stance on tariffs.

"We continue to trade with the backdrop of tariff uncertainty and a shroud of secrecy about what may come next," said Jay Woods, chief global strategist at Freedom Capital Markets. "As a result, investors sell first and wait. It has all the makings of a panic sell-off where a snap back rally on the horizon."

Concerns are mounting that the tariffs could significantly slow economic growth or even trigger a recession. A CNBC Rapid Update survey showed economists now expect just 0.3 percent growth in the first quarter, a sharp slowdown from the 2.3 percent expansion in the previous quarter.

Goldman Sachs warned that Trump's tariffs could further drive up prices, worsening the economic outlook. The bank now raised the probability of a U.S. recession to 35 percent from 20 percent, cut its year-end target for the S&P 500 to 5,700, and forecast more interest rate cuts by the Fed.

The S&P 500 remains more than 9 percent below its record high from February, hitting its lowest level since September. The Nasdaq also reached lows not seen since September and is now 15 percent below its all-time high from December. Enditem

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