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May 20, 2013

What's fueling the rally on Wall St.? Buybacks

  • Companies are one of the few big stock purchasers nowadays. Nearly every other big player has been selling more than buying.
    • By BERNARD CONDON
    AP Business Writer

    NEW YORK — It's the narcissist rally.

    Sure, there are plenty of forces pushing stocks higher — record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central banks flooding the financial system with money.


     
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