Business
More than $720 billion of stock buybacks will help the S&P surge to 4,700 within months, Goldman Sachs says
US companies reopening the floodgates on stock buybacks will help the benchmark S&P 500 stock index jump 5% to 4,700 by the end of the year, Goldman Sachs analysts reckon. Goldman analysts, led by David Kostin, think S&P 500 companies will buy back $726 billion of their own stock this year, they …
