24/7 Wall St. Closing Bell — October 16, 2012: Markets Up on Consumer Confidence, Homebuilders (S, RVBD, WPI, HAL, KR, PKG, WDFC, FRX, GS, JNJ, MAT, PNC, KO, UNH, GWW, WWW, C, INTC, IBM, CSX, URI, ABT, BK, BLK, CHKP, CMA, HAL, KCG, PEP, USB, CLWR, RA

Clearwire Corp. (NASDAQ: CLWR) is down 19.7% at $2.24. Reality set in for investors after Sprint and SoftBank denied speculation that one would make a larger investment in the wireless carrier. More coverage here.

Bankrate Inc. (NYSE: RATE) is down 24.8% at $10.90 after posting a new 52-week low of $10.30 earlier today. The personal finance company guided revenue and earnings lower after markets closed last night. More coverage here.

Nokia Corp. (NYSE: NOK) is up 6% at $2.84. The mobile phone maker might have gotten a boost from Microsoft Corp.'s (NASDAQ: MSFT) announced availability of the Surface tablet -- either that or the company's earnings results, which are due Thursday. Most likely reason - short covering.

Stay tuned for Wednesday. We have also noted the following events on the schedule (all times Eastern):

7:00 a.m. - Mortgage Bankers Association purchase applications 8:30 a.m. - Housing starts 10:30 a.m. - EIA weekly petroleum status report

Paul Ausick


Increase your money and finance knowledge from home

Small Cap Investing

Learn now to invest in small companies the right way.

View Course »

Introduction to Economic Indicators

Measure the performance of the economy.

View Course »

Add a Comment

*0 / 3000 Character Maximum