US stocks open lower on fiscal cliff worries

US stocks opened mostly lower Friday, extending two days of heavy losses, as concerns about the looming "fiscal cliff" at year-end continued to grip Wall Street.

Traders awaited President Barack Obama's first major post-election statement later Friday, in which he is expected to lay out his plan to avert the automatic spending cuts and tax increases that could drive the economy back into recession.

In opening trade, the Dow Jones Industrial Average was down 19.81 points (0.15 percent) at 12,791.51.

The S&P 500-stock index edged down 0.14 (0.01 percent) to 1,377.37, while the tech-rich Nasdaq Composite added 3.15 (0.11 percent) at 2,898.73.

"Concerns about the prospect of a fiscal cliff compromise and renewed worries about a eurozone breakup, which are rooted in brinkmanship over additional aid for Greece, continue to weigh heavily on sentiment," said Patrick O'Hare at Briefing.com.

"The fiscal cliff factor, though, is superseding all else as a major market driver."

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2585+0.0031+0.24%
    USDSGD=X
    1.7391+0.0044+0.25%
    EURSGD=X
    2.1136+0.007+0.33%
    GBPSGD=X
    81.2094-0.4645-0.57%
    SGDJPY=X
    6.1609-0.0147-0.24%
    SGDHKD=X
    2.5975-0.0036-0.14%
    SGDMYR=X
    9,217.1406-82.5439-0.89%
    SGDIDR=X
    4.9653-0.0034-0.07%
    SGDCNY=X
    1.1653-0.0006-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,290.10+5.50+0.43%
    GCM14.CMX
    19.63+0.19+0.99%
    SIK14.CMX
    92.28-0.60-0.64%
    ^XAU
    3.12+0.06+1.91%
    HGK14.CMX
    102.09+0.65+0.64%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.75+0.04
    ^FVX
    2.70+0.01
    ^TNX
    3.48+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI