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NYSE:TPR News 5 January 2026

Wall Street’s buyback boom: GM, Southwest and Tapestry headline 2026’s share-repurchase trade

Wall Street’s buyback boom: GM, Southwest and Tapestry headline 2026’s share-repurchase trade

New York, Jan 5, 2026, 15:24 EST General Motors, Southwest Airlines and Tapestry ended 2025 with last-12-month buyback yields above 10% after repurchasing stock worth $8.2 billion, $2.75 billion and $2.8 billion, respectively, MarketBeat wrote on Monday. GM shares rose nearly 53% in 2025, while Southwest gained 23% and Tapestry climbed 96%, the report said. MarketBeat The renewed focus on…
5 January 2026
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Stock Market Today

  • Stocks Mixed as Fed Holds Interest Rates Steady, Nasdaq Hits 3-Month High
    January 29, 2026, 12:45 AM EST. Stocks closed mixed on Wednesday after the Federal Reserve (Fed) kept interest rates at 3.50%-3.75%, in line with expectations. The S&P 500 fell slightly from a record high, down 0.01%, while the Nasdaq 100 jumped 0.32% to a three-month peak, buoyed by gains in chipmakers and AI infrastructure stocks. ASML Holding posted record Q4 bookings of 13.2 billion euros, fueling optimism in semiconductor equipment demand. Better-than-expected earnings from Seagate and Texas Instruments also supported market sentiment. The dollar index rebounded after a recent plunge, influenced by President Trump's comments, which also pushed gold prices to a new peak. Meanwhile, oil prices rose to a four-month high amid geopolitical tensions with Iran. Mortgage applications declined by 8.5% last week as the average 30-year mortgage rate increased to 6.24%. The Fed signaled a wait-and-see approach on future rate changes, citing steady economic growth and inflation risks.
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