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
    1.3663-0.0028-0.20%
    USDSGD=X
    1.5138-0.005-0.33%
    EURSGD=X
    2.1269-0.0034-0.16%
    GBPSGD=X
    90.3389+0.3089+0.34%
    SGDJPY=X
    5.6734+0.0119+0.21%
    SGDHKD=X
    2.7946+0.0045+0.16%
    SGDMYR=X
    9,851.0605+5.9023+0.06%
    SGDIDR=X
    4.5451+0.0081+0.18%
    SGDCNY=X
    0.9973+0.0023+0.23%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,093.80-2.80-0.26%
    GCV15.CMX
    14.61-0.04-0.27%
    SIZ15.CMX
    46.66-1.86-3.83%
    ^XAU
    2.370.00+0.02%
    HGG16.CMX
    47.49-0.36-0.75%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57-0.05
    ^FVX
    2.23-0.04
    ^TNX
    2.95-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.35-0.01-2.78%
    E5H.SI
    0.310.000.00%
    5WA.SI
    0.61-0.01-1.61%
    N21.SI
    1.285-0.030-2.28%
    BS6.SI
    2.48-0.01-0.40%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.19+0.02+11.11%
    F9M.SI
    0.375+0.035+10.29%
    K1Q.SI
    0.82+0.06+7.19%
    RQ1.SI
    0.295+0.005+1.72%
    5OC.SI
    0.25+0.01+4.17%
    C50.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.45-0.05-10.00%
    E02.SI
    0.305-0.025-7.58%
    S29.SI
    0.925-0.075-7.50%
    M01.SI
    0.32-0.02-5.88%
    Y35.SI
    0.81-0.05-5.26%
    AVZ.SI