US stocks slide on Greece, US worries

US stocks sank in opening trade Tuesday amid worries about Greece's debt crisis and a US "fiscal cliff" of spending cuts and tax hikes at year-end expected to drag the economy into recession.

In the first five minutes of trade, the Dow Jones Industrial Average shed 49.53 points (0.39 percent) at 12,765.55.

The broad-market S&P 500 dropped 7.75 points (0.56 percent) to 1,372.28, while the tech-rich Nasdaq Composite skidded 24.82 (0.85 percent) to 2,879.43.

"The fiscal cliff concern hasn't gone away... (and) the concerns about Greece are still present," Patrick O'Hare at Briefing.com said in a client note.

"The only clear thing right now is that there is a lot of uncertainty and that there isn't a headline today so far that is the equivalent of a game-changer."

On Monday US stocks closed flat as investors weighed fiscal cliff fears and eurozone debt concerns.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3461-0.0002-0.02%
    USDSGD=X
    1.4545-0.0003-0.02%
    EURSGD=X
    2.0117-0.0004-0.02%
    GBPSGD=X
    88.3437-0.00220.00%
    SGDJPY=X
    5.7589+0.0009+0.02%
    SGDHKD=X
    2.6986+0.0005+0.02%
    SGDMYR=X
    9,534.5762+1.748+0.02%
    SGDIDR=X
    4.6030+0.0009+0.02%
    SGDCNY=X
    1.0477-0.0002-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,203.30+5.30+0.44%
    GCM15.CMX
    16.23-0.06-0.36%
    SIK15.CMX
    70.95+0.05+0.07%
    ^XAU
    2.78+0.01+0.22%
    HGK15.CMX
    57.73-0.38-0.65%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.290.00
    ^FVX
    1.85-0.03
    ^TNX
    2.50-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2350.0000.00%
    5GB.SI
    0.290.000.00%
    5WA.SI
    0.199+0.001+0.51%
    5OU.SI
    0.205+0.024+13.26%
    B0Z.SI
    0.885+0.010+1.14%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.205+0.024+13.26%
    B0Z.SI
    0.117+0.013+12.50%
    41S.SI
    0.78+0.08+11.43%
    AUE.SI
    0.49+0.05+11.36%
    UV1.SI
    0.199+0.018+9.94%
    K22.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.023-14.02%
    5RC.SI
    0.186-0.029-13.49%
    5TS.SI
    0.139-0.016-10.32%
    5MD.SI
    0.235-0.025-9.62%
    ACW.SI
    0.105-0.010-8.70%
    J8O.SI