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
    1.3721-0.0043-0.32%
    USDSGD=X
    1.4743-0.0156-1.05%
    EURSGD=X
    2.0384+0.0008+0.04%
    GBPSGD=X
    87.4159+0.1266+0.15%
    SGDJPY=X
    5.6506+0.0164+0.29%
    SGDHKD=X
    2.7017+0.0037+0.14%
    SGDMYR=X
    9,524.0723+7.5752+0.08%
    SGDIDR=X
    4.5167+0.0053+0.12%
    SGDCNY=X
    1.0458-0.0074-0.70%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,181.90-2.90-0.24%
    GCJ15.CMX
    16.60-0.07-0.44%
    SIK15.CMX
    65.54-0.98-1.47%
    ^XAU
    2.74-0.04-1.44%
    HGK15.CMX
    48.25-0.43-0.88%
    CLK15.NYM
  • Bonds
    Bonds
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    1.38-0.04
    ^FVX
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    ^TNX
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    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2850.0000.00%
    5WA.SI
    0.172+0.002+1.18%
    5GB.SI
    0.131-0.003-2.24%
    E13.SI
    0.183+0.016+9.58%
    A50.SI
    0.425-0.010-2.30%
    E5H.SI
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    % Gainers
    NamePriceChange% Chg
    0.15+0.04+36.36%
    5IF.SI
    0.148+0.018+13.85%
    L10.SI
    0.155+0.018+13.14%
    K14.SI
    0.139+0.016+13.01%
    P36.SI
    0.169+0.019+12.67%
    5PI.SI
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    NamePriceChange% Chg
    0.11-0.03-23.61%
    5GF.SI
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    O08.SI
    0.22-0.03-10.20%
    5WJ.SI
    0.116-0.013-10.08%
    V69.SI
    0.29-0.03-9.38%
    40U.SI