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
    1.3797-0.0017-0.12%
    USDSGD=X
    1.5374-0.0016-0.10%
    EURSGD=X
    2.0280+0.0078+0.39%
    GBPSGD=X
    79.9788+0.3712+0.47%
    SGDJPY=X
    5.6267+0.0029+0.05%
    SGDHKD=X
    2.9710-0.0017-0.06%
    SGDMYR=X
    9,873.2373-2.6152-0.03%
    SGDIDR=X
    4.7569+0.0115+0.24%
    SGDCNY=X
    0.99270.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,221.40-7.80-0.63%
    GCM16.CMX
    16.28+0.03+0.19%
    SIN16.CMX
    80.15
    ^XAU
    2.10+0.03+1.52%
    HGN16.CMX
    49.19+0.57+1.17%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.42
    ^FVX
    1.87
    ^TNX
    2.65
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.3050.0000.00%
    N21.SI
    0.114+0.006+5.56%
    40E.SI
    0.715+0.005+0.70%
    G13.SI
    1.785+0.015+0.85%
    MC0.SI
    3.82+0.01+0.26%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.40+0.04+11.11%
    567.SI
    0.65+0.05+9.24%
    5TG.SI
    0.475+0.040+9.20%
    A26.SI
    0.39+0.03+8.33%
    42E.SI
    0.123+0.009+7.89%
    510.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.86-0.18-17.31%
    AWM.SI
    0.139-0.026-15.76%
    5WD.SI
    0.25-0.04-15.25%
    I06.SI
    0.29-0.03-9.38%
    BLU.SI
    0.80-0.07-8.05%
    BCX.SI