Breadth divergence is a troubling sign for the stock market

By Denny Jacob

Home Depot Inc. said Thursday that its board elected President and Chief Executive Officer Ted Decker to succeed Craig Menear as chairman.

The change, effective Oct. 1, comes as Mr. Menear will retire as chair effective Sept. 30.

Mr. Decker became CEO of the home-improvement chain in March.

Write to Denny Jacob at [email protected]

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