With the Dow trending up this morning more than 200 points, all but one local, publicly traded company the Examiner follows is up in price per share this morning.
The sole local company trending down this morning is McKesson Corp. (MCK), a City-based healthcare management and services company, but it is only slightly down — less than one percent per share — in morning trading.
McKesson is also the company trading at the lowest volume this morning, with more than 157,000 shares changing hands. Cisco Systems, Inc. (CSCO) and Intel Corp. (INTC) are trading at the highest volume with 16.25 million and 13.01 million shares exchanged so far in early trading.
As said earlier, the Dow Jones Industrial Average Index is trending up this morning, back up above 13,000 points with early gains of more than 200 points.
In other stock news, investment bank Morgan Stanley has agreed to provide SunPower with $190 million in financing for commercial and public agency solar power system installations, according to Reuters. Also, The Gap Inc. (GPS) will sell shoes designed by Pierre Hardy in its U.S. stores starting in February, according to Reuters.