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Corporate Buybacks

All articles tagged with #corporate buybacks

finance1 year ago•18 min saved

Dow and Tech Stocks Slide Amid Earnings and Inflation Worries

The Dow Jones closed over 570 points higher, marking its best day in 2024 and capping a winning May for stocks. Companies set a record for stock buybacks in May, with Apple leading the way. Despite a mixed week, the Dow and S&P 500 posted gains for the month. Boeing's stock rose after Fitch maintained its rating, while Morgan Stanley adjusted price targets for Costco and Ulta. Economic growth forecasts were downgraded following weaker consumer spending data.

via CNBC|

#boeing #corporate-buybacks #dow-jones

finance1 year ago•7 min saved

"Stocks Soar as Fed Signals Three Rate Cuts Ahead: Live Updates"

S&P 500 futures rose after major averages closed at new records, with the Dow Jones Industrial Average adding 126 points and the Nasdaq 100 futures increasing by 0.67%. Semiconductor stock Micron Technology jumped more than 16% in extended trading, while discount retailer Five Below slipped more than 12%. Gold prices hit a new record, and Japan's Nikkei 225 index hit a new record high. New Zealand unexpectedly slipped into a technical recession, and Fundstrat’s Tom Lee sees Russell 2000 rising 50% in 2024. Reddit priced its IPO at $34 per share, and corporate buybacks of stock are surging, according to Bank of America.

via CNBC|

#corporate-buybacks #federal-reserve #finance