NEW YORK, April 7 (Xinhua) -- The S&P 500 Index, which is composed of 500 leading companies listed in the United States, fell as much as 21.41 percent from its record high on Feb. 19 and entered the technical territory of a bear market in the morning session on Monday before edging back up.

U.S. investors continued to dump stocks as the country's tariff policy hit confidence in the economy.

As of 10:40 a.m. Eastern time (1440 GMT), the Dow Jones Industrial Average lost 871.10 points, or 2.27 percent, to 37,443.76. Meanwhile, the S&P 500 shed 92.32 points, or 1.82 percent, to 4,981. The Nasdaq Composite Index dropped by 175.71 points, or 1.13 percent, to 15,485.87.

However, the three indexes then briefly hit positive territory before retreating into the red once again.

"The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession," warned JPMorgan Chase CEO Jamie Dimon. Enditem

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