Monday, 09 July 2007

Buybacks, earnings forecasts buoy indexes

(Reuters) - J&J gained 1 percent after the health-care company announced plans for a $10 billion share buyback. ConocoPhillips, which nearly quadrupled its repurchase plan to $15 billon, rose 3.7 percent.




Alcoa gained 1.7 percent during the regular session and was a top performer among the Dow industrials. The aluminum producer kicked off the second-quarter earnings season after the bell, reporting a profit that matched estimates but revenue that fell short of the consensus.


Read more at Reuters.com Business News

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