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Thursday, August 9, 2018

Tech Stocks Will Get Big Boost From Buybacks: Goldman

U.S. corporations, including tech companies, are buying back $1 trillion of their own stock this year.
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Tech Stocks Will Get Big Boost From Buybacks: Goldman
U.S. corporations, including tech companies, are buying back $1 trillion of their own stock this year.
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Morning Headlines
5 Biotech Stocks Offering Healthy Gains
The biotechnology sector is having a strong year, and a number of biotech firms look set to rise higher.
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Adidas Shares Jump as North America Growth Outpaces Nike
Shares in the company famous for its three-stripe brand jumped 10 percent to a four-month high.
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Rite Aid, Albertsons $24B Deal to Fight Amazon Scrapped
Plans to merge the two companies into a food and drugs retail powerhouse were halted amid shareholder opposition.
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SEC Probing Tesla CEO Musk's Tweets: Reports
Officials at the Securities and Exchange Commission's San Francisco office are reportedly trying to find out whether Tesla CEO Elon Musk was being truthful about his plans to take the company private.
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Top S&P 500 Gainer & Loser
KORS
Michael Kors Holdings Limited
6.72%
XEC
Cimarex Energy Co
-8.62%
As of last market close.
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