As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.

Market Snapshot

The Dow Jones Industrial Average rose 417.86 points, or 1%, to 42,001.76, the S&P 500 rose 30.91 points, or 0.55%, to 5,611.85 and the Nasdaq Composite lost 23.7 points, or 0.14%, to 17,299.29.

Market Movers

Tesla was down 1.7% at $259.16. The electric-vehicle maker declined 3.5% on Friday but ended the week higher and snapped a nine-week losing streak. Coming into Monday, Tesla had declined nearly 37% this year. The company is expected to release first-quarter deliveries on Wednesday. Analysts at Stifel reduced their stock-price target on Tesla to $455 from $474 and trimmed their near-term delivery forecasts.

Apple stock gained nearly 2% after announcing that its Apple Intelligence features are expanding to new regions and languages, and will also be available on the Vision Pro.

Taiwan's major chipmaker United Microelectronics and U.S.-based GlobalFoundries are looking into the possibility of a merger. Shares of UMC ended 9.16% higher at $7.15 on Monday.

General Motors was up 0.8% after falling earlier in the session, Ford Motor rose 23.2%, and Jeep maker Stellantis declined 2%. President Donald Trump told NBC News he didn't care if auto makers raised their prices for U.S. consumers because of his plans to slap a 25% tariff on imported automobiles. "I couldn't care less, because if the prices on foreign cars go up, they're going to buy American cars," Trump said. "I hope they raise their prices, because if they do, people are going to buy American-made cars. We have plenty."

CoreWeave fell 7.3% to $37.08. The artificial-intelligence start-up began trading Friday. It opened at $39 a share, below its initial offering price of $40, and ended the session roughly flat. CoreWeave is a pure play on AI: All of its revenue comes from cloud rentals of AI servers that use Nvidia chips.

Nvidia, meanwhile, slid 1.2% on the heels of the disappointing CoreWeave IPO. The AI chip maker has declined 21% this year and has lost ground in six of the past seven sessions. Palantir Technologies was down 1.7%. Shares of the data-analytics company have risen 11% in 2025, including Monday's decline.

Moderna was down 8.9%. The latest news to hit the stock and the greater biotechnology sector was the resignation on Friday of Peter Marks, who led the Food and Drug Administration's Center for Biologics Evaluation and Research. Shares of the vaccine maker have tumbled 34% this year including Monday. As Barron's previously reported, the company faces a hostile political environment for its technology, a looming patent problem, and the potential threat of the removal of the stock from the S&P 500, making for day-to-day volatility.

LPL Financial said it would acquire Commonwealth Financial Network, a privately owned wealth management company with about 2,900 financial advisors, for roughly $2.7 billion in cash. Shares of LPL Financial fell 2.9% on Monday.

Mr. Cooper jumped 15% to $119.60 after the mortgage company agreed to be acquired by Rocket Cos. in a $9.4 billion all-stock deal. Mr. Cooper shares were valued at $143.33 based on last week's closing prices. Rocket declined 7.4%.

Boeing fell 1.6%. The plane maker announced an order for 50 737 MAX jets from aircraft lessor BOC Aviation. A report Friday from Reuters said Boeing was nearing a sale of its Jeppesen navigation business.

Canada Goose declined 3.5% to $7.95. Barclays lowered its rating on shares of the Canadian winter apparel to Underweight from Equal Weight. Barclays lowered its target on the price to $8, from $10.

Market News

Trump to Unveil Country-Based Tariffs April 2 in Rose Garden

President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said.

White House Press Secretary Karoline Leavitt said Monday the announcement would feature “country-based” tariffs. She said the president is also “committed to implementing” sectoral duties but that they were not the focus of the April 2 event and deferred to Trump about the timing of those. Members of Trump’s Cabinet would attend the announcement, Leavitt said.

“The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades,” Leavitt told reporters at the White House. “It’s time for reciprocity and it’s time for a president to take historic change to do what’s right for the American people.”

Intel CEO Lip-Bu Tan Says Company Will Spin Off Non-Core Units

Intel Corp. Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren’t central to its mission and create new products including custom semiconductors to try to better align itself with customers.

Intel needs to replace the engineering talent it has lost, improve its balance sheet and better attune manufacturing processes to meet the needs of potential customers, Tan said. Speaking at his first public appearance as CEO, at the Intel Vision conference Monday in Las Vegas, Tan didn’t specify what parts of Intel he believes are no longer central to its future.

“We have a lot of hard work ahead,” Tan said, addressing the company’s customers in the audience. “There are areas where we’ve fallen short of your expectations.”

Trump Sets up New Office to Manage CHIPS Act and Speed up Investments

President Donald Trump signed an executive order on Monday setting up a new entity to take over the CHIPS Act program and speed up corporate investments in the United States.

The United States Investment Accelerator within the Commerce Department will oversee implementing the CHIPS and Science Act, a 2022 law that made $52.7 billion in subsidies available for semiconductor chips manufacturing and production.

Trump has repeatedly criticized the bipartisan CHIPS Act, signed by former President Joe Biden in August 2022. Earlier in March he said U.S. lawmakers should get rid of it and instead use the proceeds to pay debt.