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
    1.3473+0.0016+0.12%
    USDSGD=X
    1.5018-0.0103-0.68%
    EURSGD=X
    2.1185+0.0008+0.04%
    GBPSGD=X
    90.5919-0.4838-0.53%
    SGDJPY=X
    5.7537-0.0071-0.12%
    SGDHKD=X
    2.7998-0.0039-0.14%
    SGDMYR=X
    9,906.5596-7.9951-0.08%
    SGDIDR=X
    4.6011-0.0133-0.29%
    SGDCNY=X
    1.0385+0.0053+0.51%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,174.40-4.60-0.39%
    GCQ15.CMX
    15.70+0.01+0.06%
    SIU15.CMX
    63.96+0.05+0.08%
    ^XAU
    2.62-0.02-0.57%
    HGU15.CMX
    58.89+0.56+0.96%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.61-0.02
    ^FVX
    2.31-0.02
    ^TNX
    3.07-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.76+0.04+5.56%
    N21.SI
    0.295-0.005-1.67%
    5WA.SI
    0.195+0.004+2.09%
    5GB.SI
    4.21+0.08+1.94%
    Z74.SI
    0.895-0.005-0.56%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.04+27.27%
    5OY.SI
    0.355+0.050+16.39%
    UQ4.SI
    0.30+0.04+15.38%
    Y06.SI
    0.38+0.04+13.43%
    508.SI
    0.55+0.06+12.24%
    AWK.SI
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    % Losers
    NamePriceChange% Chg
    0.19-0.05-20.83%
    40U.SI
    0.24-0.05-17.24%
    MR8.SI
    0.11-0.02-15.38%
    RS1.SI
    0.129-0.020-13.42%
    5MD.SI
    0.98-0.14-12.50%
    5CP.SI