Buybacks Pump Up Stock Rally – Wall Street Journal

Records reached this week by major U.S. stock indexes underscore the power of a popular but controversial tool: the corporate share buyback.

The Dow Jones Industrial Average surged 121 points Tuesday, vaulting the 30-stock measure to its first record close since May 2015, joining the S&P 500, which notched its second record close in two days.

Among the most prominent drivers of the 2016 stock rally has been companies’…


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