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
    1.4247+0.0084+0.59%
    USDSGD=X
    1.5885+0.0133+0.84%
    EURSGD=X
    2.1638+0.0035+0.16%
    GBPSGD=X
    83.4944-1.2964-1.53%
    SGDJPY=X
    5.4400-0.0323-0.59%
    SGDHKD=X
    3.0174+0.0238+0.79%
    SGDMYR=X
    9,927.5781-173.0771-1.71%
    SGDIDR=X
    4.4625-0.0255-0.57%
    SGDCNY=X
    0.9867-0.0063-0.64%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,120.90-3.60-0.32%
    GCZ15.CMX
    14.52-0.19-1.27%
    SIZ15.CMX
    44.57-1.06-2.31%
    ^XAU
    2.32-0.07-2.75%
    HGZ15.CMX
    46.46-0.29-0.62%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.46-0.03
    ^FVX
    2.12-0.04
    ^TNX
    2.89-0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.130.00-1.52%
    5DN.SI
    0.32+0.01+3.23%
    5WA.SI
    2.04-0.09-4.23%
    MC0.SI
    0.148-0.004-2.63%
    F13.SI
    3.69-0.01-0.27%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.128+0.016+14.29%
    40U.SI
    0.29+0.03+11.54%
    AYD.SI
    0.33+0.03+10.00%
    MV4.SI
    1.25+0.10+8.70%
    AYB.SI
    0.38+0.03+8.57%
    IX2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.32-0.13-28.89%
    K1Q.SI
    0.161-0.044-21.46%
    L02.SI
    7.40-1.60-17.78%
    S07.SI
    0.245-0.025-9.26%
    S71.SI
    0.109-0.010-8.40%
    5I3.SI