All three major US stock indexes down more than 1%
Cons Disc weakest S&P sector; Staples sole gainer
Dollar up; gold ~flat; bitcoin down >1%; crude down >2.5%
US 10-Year Treasury yield slides to ~4.42%
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BUYBACKS LOOKING STRONG SO FAR THIS EARNINGS SEASON
Stock buybacks this U.S. earnings season have been impressively high, according to Winston Chua, analyst at EPFR.
The daily average amount throughout the past five weeks is $9.2 billion, currently the third-highest on record dating back to 2006, he wrote in a note this week.
"Buybacks have only twice ended an earnings season averaging above $9 billion," he noted.
Nine companies have announced at least $10 billion in buybacks and have accounted for 57% of the overall total, he wrote.
Leading that list are Citigroup C.N, with $20 billion; Netflix NFLX.O, with $15 billion; PayPal PYPL.O, with $15 billion; and Eli Lilly LLY.N, also with $15 billion, he wrote.
(Caroline Valetkevitch)
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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
INDIVIDUAL INVESTOR PESSIMISM PULLS BACK - AAII - CLICK HERE
WITH SO MUCH DOUBT, A RISK-OFF STANCE MAY HELP - CLICK HERE
CHINA TECH REBOUND NOT QUITE ENOUGH TO CHASE THE BEARS AWAY - CLICK HERE
THE COMING STORM: FLASH PMI, HOME SALES, UMICH - CLICK HERE
U.S. STOCKS DIP, WITH TRANSPORTS DOWN MORE THAN 2% - CLICK HERE
BENCHMARK TREASURY YIELD: STILL STUCK IN THE WEEDS - CLICK HERE
"CELTIC TIGER" LEAPS TO NEW RECORD HIGH - CLICK HERE
DON'T READ TOO MUCH INTO UK RETAIL SALES, ECONOMISTS SAY - CLICK HERE
BUNDS PULLED IN OPPOSITE DIRECTIONS - CLICK HERE
TARIFF RISK UNDERPRICED, AGAIN - CLICK HERE
STOXX 600 FIRMER AS CHEMICALS AND BEVERAGES LIFT INDEX - CLICK HERE
EUROPE BEFORE THE BELL: MODEST OPEN AWAITS, STOXX TO STAY AT RECORD - CLICK HERE
PMIS IN THE SPOTLIGHT AHEAD OF WEEKEND GERMAN ELECTIONS - CLICK HERE
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