24/7 Wall St. Closing Bell — October 11, 2012: Markets Fail to Hold Morning Gains (COST, ZNGA, PCS, EA, HST, ADTN, RT, SWY, DRWI, WGO, SCHW, JBHT, WFC, ICPT, KYTH, SSTK, RLGY, CLWR, S, ANR, THC, DLTR)

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Clearwire Corp. (NASDAQ: CLWR) is up 57.7% at $2.05. The wireless carrier is jumping on the news that Sprint Nextel Corp. (NYSE: S) is negotiating a sale of a stake in Sprint to Japan's SoftBank. More coverage here.

Alpha Natural Resources Inc. (NYSE: ANR) is up 15.6% at $8.47. The coal miner is leading other coal stocks in a sharp climb today on the continuing rise in natural gas prices and the prospects for a colder winter.

Tenet Healthcare Corp. (NYSE: THC) is up 305% at $24.18. The healthcare provider executed a 1-for-4 reverse stock split today.

Dollar Tree Inc. (NASDAQ: DLTR) is down 8.2% at $43.07. The discount retailer cut its sales outlook today.

Stay tuned for Friday. Richmond Fed President Jeffrey Lacker is giving a speech. We have also noted the following events on the schedule (all times Eastern):

8:30 a.m. - Producer price index 9:55 a.m. - University of Michigan/Thomson Reuters consumer sentiment index 2:00 p.m. - Treasury budget

Paul Ausick

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