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
    1.2561+0.0002+0.02%
    USDSGD=X
    1.7392+0.0106+0.61%
    EURSGD=X
    2.1118+0.0236+1.13%
    GBPSGD=X
    81.5758+0.1317+0.16%
    SGDJPY=X
    6.1720-0.0416-0.67%
    SGDHKD=X
    2.6024+0.0009+0.03%
    SGDMYR=X
    9,258.4482+85.1211+0.93%
    SGDIDR=X
    4.9660-0.0011-0.02%
    SGDCNY=X
    1.1661-0.006-0.51%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.80+3.70+0.29%
    GCM14.CMX
    19.45+0.09+0.49%
    SIK14.CMX
    91.05+1.15+1.28%
    ^XAU
    3.05-0.01-0.26%
    HGK14.CMX
    101.58-0.17-0.17%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.75+0.02
    ^FVX
    2.73+0.01
    ^TNX
    3.50-0.02
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.121+0.001+0.83%
    B22.SI
    2.210.0000.00%
    JS8.SI
    0.161+0.003+1.90%
    5GB.SI
    0.61+0.005+0.83%
    E5H.SI
    0.143-0.002-1.38%
    545.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.016+8.25%
    F10.SI
    0.184+0.014+8.24%
    5WD.SI
    0.215+0.016+8.04%
    5UZ.SI
    0.161+0.011+7.33%
    A03.SI
    0.225+0.015+7.14%
    P36.SI
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    % Losers
    NamePriceChange% Chg
    0.245-0.055-18.33%
    T18.SI
    0.161-0.019-10.56%
    T16.SI
    0.36-0.040-10.00%
    S24.SI
    0.115-0.010-8.00%
    I54.SI
    0.181-0.014-7.18%
    CZ4.SI