---
title: "BREAKING: S&P 500 buybacks jumped 35% in Q2 2024 to $236 billion, near the all-time record."
description: "Furthermore, a massive 52% of stock repurchases were conducted by the index's top 20 firms.\nThis compares to a long-term average of 48% and pre-pandemic average of 45%.\nApple, $AAPL, Alphabet, $GOOGL, Meta, $META, and Nvidia, $NVDA ALONE back $63 billion of stock.\nThe Information Technology sector saw $68 billion of repurchases while Financials and Communication Services saw $45 billion and $35 billion, respectively.\nBuybacks are fueling the stock market rally.\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [BREAKING: S&P 500 buybacks jumped 35% in Q2 2024 to $236 billion, near the all-time record.](https://blog.syzgroup.com/syz-the-moment/breaking-sp-500-buybacks-jumped-35-in-q2-2024-to-236-billion-near-the-all-time-record)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Nov 27, 2024, 4:04:08 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-sp-500-buybacks-jumped-35-in-q2-2024-to-236-billion-near-the-all-time-record)

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