Inventory buybacks are again.
Firms within the S&P 500 repurchased $234.5 billion in shares in the course of the third quarter, topping the earlier report of $223 billion within the fourth quarter of 2018, in accordance with preliminary information from S&P Dow Jones Indices. The wave of share repurchases has helped propel U.S. inventory indexes to dozens of data in 2021. The S&P 500 is up 25% this yr, notching 67 report closes.