Apple, Meta power 27% of Q2 S&P 500 buybacks despite 20% drop
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S&P 500 buybacks declined 20% from Q1 but were nearly flat year-on-year, with participation falling but top companies concentrating spending.
Information technology led buybacks despite a 16.3% drop; Apple, Meta, Alphabet, and NVIDIA accounted for 27% of total; utilities increased spending, while health care and communication services decreased.
Buybacks are expected to rebound near Q1 record levels, and combined buyback and dividend spending is forecasted to set a record with double-digit growth in buybacks and mid-single-digit growth in dividends.
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