US stocks drifted mostly lower in early trade Wednesday as investors eyed Washington's budget impasse amid a looming deadline.

In the first 30 minutes of trade, the Dow Jones Industrial Average shed 9.82 points (0.07 percent) at 13,341.14.

The broad-market S&P 500 lost 2.73 (0.19 percent) to 1,444.10, while the tech-rich Nasdaq Composite dipped 3.81 points (0.113 percent) at 3,050.93.

The markets were watching President Barack Obama and top Republican John Boehner in their effort to avert the so-called fiscal cliff of tax hikes and spending cuts set to take effect in January, but differences remain.

Experts say failure to reach a deal could drag the world's biggest economy back into recession.

On Tuesday, the Dow gained 0.87 percent, the S&P 500 climbed 1.15 percent, while the Nasdaq Composite was up 1.46 percent.

 
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Market Data

  • Currencies
    NamePriceChange% Chg
    1.26000.01+0.45%
    USDSGD=X
    1.62540.01+0.59%
    EURSGD=X
    1.9092-0.00-0.24%
    GBPSGD=X
    81.4184-0.12-0.15%
    SGDJPY=X
    6.1597-0.03-0.47%
    SGDHKD=X
    2.3957-0.01-0.30%
    SGDMYR=X
    7,750.2773-31.14-0.40%
    SGDIDR=X
    4.8732-0.02-0.47%
    SGDCNY=X
    1.23610.01+0.50%
    AUDSGD=X
    More Currencies »
  • Commodities
    NamePriceChange% Chg
    1,376.70-7.40-0.53%
    GCM13.CMX
    22.47-0.11-0.50%
    SIN13.CMX
    100.87-2.20-2.13%
    ^XAU
    3.34-0.02-0.74%
    HGN13.CMX
    96.49-0.44-0.45%
    CLN13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    0.81-0.02
    ^FVX
    1.93-0.04
    ^TNX
    3.13-0.04
    ^TYX
    More Bonds »

MARKET MOVERS

  • Most Actives
    NamePriceChange% Chg
    0.196-0.00-0.51%
    I26.SI
    0.11-0.00-0.90%
    5RJ.SI
    0.57-0.01-1.72%
    E5H.SI
    0.390.06+20.00%
    M9F.SI
    0.280.06+27.27%
    MQ4.SI
    More Most Actives »
  • % Gainers
    NamePriceChange% Chg
    0.280.06+27.27%
    MQ4.SI
    0.390.06+20.00%
    M9F.SI
    0.1210.02+18.63%
    S71.SI
    0.6250.09+16.82%
    I06.SI
    0.7550.09+14.39%
    5VJ.SI
    More % Gainers »
  • % Losers
    NamePriceChange% Chg
    0.131-0.02-12.67%
    B2X.SI
    0.19-0.02-9.52%
    5HH.SI
    0.11-0.01-8.33%
    5QZ.SI
    0.20-0.02-6.98%
    5UO.SI
    0.146-0.01-6.41%
    CL7.SI
    More % Losers »