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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.171-0.004-2.29%
    N21.SI
    0.1850.0000.00%
    40E.SI
    0.410.00-1.20%
    5ME.SI
    0.164+0.003+1.86%
    5DM.SI
    2.60+0.02+0.78%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.03+17.65%
    BCV.SI
    0.35+0.05+16.67%
    AWC.SI
    0.415+0.035+9.21%
    J2T.SI
    0.87+0.07+8.75%
    AXV.SI
    0.197+0.015+8.24%
    P36.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.285-0.085-22.97%
    K29.SI
    0.094-0.026-21.67%
    J17.SI
    0.425-0.045-9.57%
    BTF.SI
    0.235-0.020-7.84%
    1A0.SI
    0.405-0.030-6.90%
    BVQ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4177-0.0123-0.86%
    USDSGD=X
    1.5170+0.0016+0.11%
    EURSGD=X
    1.7543+0.035+2.04%
    GBPSGD=X
    79.7500-0.012-0.02%
    SGDJPY=X
    5.4690+0.0488+0.90%
    SGDHKD=X
    3.1473+0.025+0.80%
    SGDMYR=X
    9,450.8018+74.3877+0.79%
    SGDIDR=X
    4.8331+0.0101+0.21%
    SGDCNY=X
    1.0701+0.0019+0.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,215.10+18.90+1.58%
    GCG17.CMX
    17.15+0.38+2.27%
    SIH17.CMX
    89.21+2.17+2.49%
    ^XAU
    2.65-0.04-1.30%
    HGH17.CMX
    52.97+0.60+1.15%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.82-0.07
    ^FVX
    2.32-0.06
    ^TNX
    2.92-0.06
    ^TYX