US stocks sink as 'cliff' battle looms

US stocks tumbled Wednesday as President Barack Obama challenged Republicans to accept tax increases for the wealthy in a deal to avert the year-end fiscal cliff.

After opening higher helped by Cisco Systems's strong earnings, share prices slid and then turned more sharply downward after Obama laid out his terms for a deal in his first post-re-election news conference.

At the close the Dow Jones Industrial Average was down 184.92 points (1.45 percent) at 12,571.26.

The broad-market S&P 500 lost 19.03 (1.38 percent) at 1,355.50, while the tech-rich Nasdaq Composite gave up 37.08 (1.29 percent) at 2,846.81.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3568+0.0042+0.31%
    USDSGD=X
    1.5613+0.006+0.39%
    EURSGD=X
    1.9680+0.0021+0.11%
    GBPSGD=X
    78.5848-0.5805-0.73%
    SGDJPY=X
    5.7211-0.0182-0.32%
    SGDHKD=X
    2.9562+0.0084+0.29%
    SGDMYR=X
    9,827.5176+18.2676+0.19%
    SGDIDR=X
    4.7888-0.011-0.23%
    SGDCNY=X
    1.0145+0.0022+0.22%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,287.90-3.90-0.30%
    GCM16.CMX
    17.41-0.09-0.51%
    SIN16.CMX
    87.03-0.20-0.23%
    ^XAU
    2.20-0.02-1.04%
    HGN16.CMX
    44.41+0.76+1.74%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.08
    ^FVX
    1.79-0.07
    ^TNX
    2.65-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.425-0.005-1.16%
    N21.SI
    0.785-0.020-2.48%
    G13.SI
    3.76-0.07-1.83%
    Z74.SI
    0.385-0.005-1.28%
    E5H.SI
    0.730.000.00%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.48+0.08+20.00%
    BFK.SI
    0.194+0.019+10.86%
    D79.SI
    0.28+0.03+9.80%
    BHO.SI
    0.185+0.015+8.82%
    AYL.SI
    0.50+0.04+8.70%
    BQP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.088-0.082-48.24%
    P74.SI
    0.30-0.09-23.08%
    Y06.SI
    0.125-0.027-17.76%
    5MQ.SI
    0.21-0.05-17.65%
    Y35.SI
    0.31-0.04-11.43%
    AWK.SI