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Share buybacks could add fuel to Wall Street rebound [MSN Money]

CSX (CSX)  More Company Research Source: MSN Money
Last csx earnings: 4/17 04:02 pm Check Earnings Report
US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
PDF © REUTERS/Andrew Kelly A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York Companies snapping up their own shares might provide additional fuel for the U.S. stock market to rebound in coming weeks following a wave of strong quarterly earnings reports and tax cuts that have left more cash on balance sheets. Quotes in the article AdChoices Wall Street's slump last week, which confirmed it was in correction territory from record highs in late January, came as many companies temporarily scaled back their share buyback programs before reporting their quarterly results, a factor that may have exacerbated the drop, Goldman Sachs said in a recent research note. The S&P 500 on Monday jumped 1.39 percent, up for a second straight session and giving Wall Street a boost of confidence following it worst week in two years. With most U.S. corporations now having provided their reports, and with overall e [Read more]

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