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
    1.3685+0.0008+0.06%
    USDSGD=X
    1.5145-0.001-0.07%
    EURSGD=X
    2.0877-0.00010.00%
    GBPSGD=X
    87.5652+0.046+0.05%
    SGDJPY=X
    5.6673-0.0029-0.05%
    SGDHKD=X
    2.6732-0.0008-0.03%
    SGDMYR=X
    9,519.5518+15.6387+0.16%
    SGDIDR=X
    4.5816-0.0005-0.01%
    SGDCNY=X
    1.0702+0.001+0.09%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,203.90+3.00+0.25%
    GCJ15.CMX
    16.25+0.09+0.54%
    SIK15.CMX
    72.69-1.12-1.51%
    ^XAU
    2.67+0.01+0.24%
    HGK15.CMX
    51.76+0.23+0.45%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.60-0.01
    ^FVX
    2.120.00
    ^TNX
    2.72+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.140.00+3.70%
    5GB.SI
    0.280.000.00%
    5WA.SI
    0.1910.0000.00%
    5MC.SI
    4.12-0.04-0.96%
    Z74.SI
    0.310.00-1.59%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.06+31.58%
    B26.SI
    0.51+0.03+6.25%
    41E.SI
    0.455+0.020+4.60%
    IX2.SI
    0.23+0.01+4.55%
    41C.SI
    0.35+0.01+2.94%
    T13.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.086-0.019-18.10%
    T16.SI
    0.20-0.02-9.09%
    B1N.SI
    0.215-0.025-10.42%
    5OC.SI
    0.665-0.035-5.00%
    L17.SI
    0.184-0.009-4.66%
    P12.SI