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|Coke veteran Quincey to replace Kent as CEO in widely expected move|
(Reuters) - Coca-Cola Co said Muhtar Kent would step aside as chief executive in May, after nine years at the helm, and be replaced by company veteran James Quincey, a widely anticipated move that comes as it tries to reduce dependence on its mainstay sugary carbonated drinks. Kent, 64, will continue as chairman of Coca-Cola's board, the company said. Quincey, 51, joined Coke in 1996 and became chief operating officer in August 2015.
|S&P, Nasdaq hit highs on gains in health, tech stocks|
The "Trump rally" has been running since the Nov. 8 vote as investors bet President-elect Donald Trump's policies will boost economic growth and inflation. The S&P 500 is currently trading at about 17.5 times forward twelve-month earnings, above the 10-year median of nearly 15 times, according to Thomson Reuters StarMine.