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Article: S&P 500 Stock Buybacks Hit Record Low

Article from:
U.S. Newswire
Article date:
September 15, 2009
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To: BUSINESS EDITORS

Contact: David R. Guarino, Communications, Standard & Poor's, +1- 212-438-1471, dave_guarino@standardandpoors.com, or Howard Silverblatt, Senior Index Analyst, Standard & Poor's, +1-212-438- 3916, howard_silverblatt@standardandpoors.com

NEW YORK, Sept. 15 /PRNewswire/ -- Standard & Poor's, the world's leading index provider, announced today that S&P 500 stock buybacks have fallen to their lowest level since the first quarter of 1998 - when Standard & Poor's began tracking the data.

According to Standard & Poor's Index Services, preliminary results show that S&P 500 issues spent $24.2 billion on stock repurchases during the second quarter of 2009, representing a 72% ...

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