Stock Market Today: Dow futures dip after registering 33rd record close of 2024
Companies this year already have announced more than $1 billion of planned stock buybacks, a pace that likely eclipses the previous yearly record set in 2022.
The flurry has been led by cash-rich big tech companies and others planning to repurchase their own shares despite a stock market that’s been pushing deeper into record territory and a 1% buyback tax in place since last year.