01:34 PM EDT, 03/31/2025 (MT Newswires) -- US equity indexes traded mixed intraday Monday as investors braced for more tariff announcements from the Trump administration this week.

The Nasdaq Composite fell 1.1% to 17,123.2, while the S&P 500 fell 0.4% to 5,561.5. The Dow Jones Industrial Average rose 0.2% to 41,669.7. Technology led the decliners among sectors, while energy was the top gainer intraday.

President Donald Trump is expected to announce reciprocal tariffs this week. Trump told reporters on Sunday that the expected tariffs will target "all countries," CNBC reported.

Goldman Sachs raised its 12-month probability of a US recession to 35% from 20% due to factors including a lower economic growth forecast and declining consumer confidence.

The investment firm now expects annualized fourth-quarter gross domestic product to grow by 1%, down from a prior 0.5% view. The brokerage raised its full-year core personal consumption expenditure inflation outlook by half a percentage point to 3.5%.

US Treasury yields traded mixed intraday, with the 10-year rate down 1.1 basis points to 4.24% and the two-year rate steady at 3.91%.

A contraction in Texas factory activity unexpectedly deepened this month, while the outlook worsened amid tariff concerns and policy uncertainties, according to the Federal Reserve Bank of Dallas.

Nvidia ( NVDA ) , Amazon.com ( AMZN ) , and Microsoft ( MSFT ) , part of the so-called Magnificent-7 group of stocks, were down by at least 2% each.

Tesla (TSLA), also part of that group, declined 3.2% intraday, among the worst performers on the S&P 500. The electric-vehicle manufacturer's first-quarter delivery numbers, scheduled to be out later this week, will likely lag Wall Street's estimates, RBC Capital Markets said in a note emailed Friday.

West Texas Intermediate crude oil futures surged 3.3% to $71.68 a barrel.

Gold increased 1.2% to $3,152.7 per troy ounce, while silver fell 0.4% to $34.67 per ounce.