The Dow Jones and S&P 500 End the Day With Record Highs
The Dow Jones continued its record streak, finishing with a record close for the second day in a row. But the Dow wasn't alone today, the S&P 500 also closed the day with a record high. Oracle's (ORCL) co-founder, Larry Ellison, is planning on stepping down from his position as CEO. Ellison will remain the with the company as the board chairman and will take over the position of chief technology officer. U.S. household net worth increased by $1.4 trillion in the second quarter to $81.5 trillion. Strong market gains and higher home prices drove this U.S. household wealth to a record high.
Word on the Street
- U.S. household wealth rises to record level.
- Walmart's (WMT) holiday hiring lags behind competitors.
- Yum Brands (YUM) forced to change logo over cultural snafu.
- Larry Ellison, Oracle's (ORCL) founder steps down as CEO.
- 9 S&P 500 stocks down more than 20%.
- Rite Aid (RAD) down on revised guidance.
Interesting Tidbits
- The best jobs for those without a college degree.
- Who gets rich off the stock market gains?
Published on Sep 18, 2014
By InvestorGuide Staff 