US companies are cutting share buybacks to conserve cash in the face of economic uncertainty, which threatens to add another weight to the equity market’s attempted rebound.
S&P 500 Index firms bought back just over $200 billion of their own shares during the third quarter, marking the slowest quarter for repurchases since the middle of last year and coming in roughly 25% below the levels seen in late 2021 and early 2022, according to data compiled by Bloomberg.
