Investors Are Looking to Share Buybacks to Keep US Stock Market Afloat
- Over 40 companies announced buybacks in the fourth quarter
- Repurchase spending forecast to grow after decline in 2023
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Stocks started 2024 with a limp. But that could change this week as earnings season kicks off and companies start announcing their plans for share repurchases, something investors hope will help the market keep last year’s rally running.
Bulls may need the support, as hedge funds and retail investors are tilted defensively following the strong end to the year, with worries around the timing of the Federal Reserve’s rate cuts adding to the caution.