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
    1.3529-0.0005-0.03%
    USDSGD=X
    1.4967+0.0012+0.08%
    EURSGD=X
    1.7894+0.0027+0.15%
    GBPSGD=X
    77.7550-0.028-0.04%
    SGDJPY=X
    5.7315+0.0021+0.04%
    SGDHKD=X
    3.0111-0.0017-0.06%
    SGDMYR=X
    9,709.6807-5.5391-0.06%
    SGDIDR=X
    4.9272-0.00010.00%
    SGDCNY=X
    1.0138+0.0005+0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,338.20+11.50+0.87%
    GCQ16.CMX
    20.37+0.38+1.88%
    SIU16.CMX
    107.59+4.59+4.46%
    ^XAU
    2.19+0.01+0.34%
    HGU16.CMX
    42.02+0.10+0.24%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.10-0.04
    ^FVX
    1.51-0.05
    ^TNX
    2.23-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.485-0.010-2.02%
    5TP.SI
    0.169+0.004+2.42%
    N21.SI
    0.375+0.010+2.74%
    E5H.SI
    0.131-0.003-2.24%
    43E.SI
    0.163+0.008+5.16%
    O9E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.05+28.83%
    AZG.SI
    0.25+0.05+25.00%
    BLZ.SI
    0.157+0.026+19.85%
    UV1.SI
    0.191+0.026+15.76%
    AZT.SI
    0.35+0.03+11.11%
    AWC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.075-15.31%
    BLL.SI
    0.205-0.035-14.58%
    D6U.SI
    0.136-0.020-12.82%
    Y06.SI
    0.35-0.05-12.50%
    BDF.SI
    0.245-0.030-10.91%
    PA3.SI