BIG SPENDERS: S&P 500 STOCK BUYBACKS SET RECORD IN 1Q
Jun 28, 2018
2 minutes
Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock.
Stock repurchases hit $189.1 billion in the first quarter for the S&P 500, according to preliminary results from S&P Dow Jones Indices. That tops the prior record of $171.9 billion set
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