Two companies are going into the S & P 500 at the close: Blackstone Airbnb What is significant is neither one has ever been in the S & P SmallCap 600 Index or the S & P MidCap 400. They are simply being added to the S & P 500, which means a fairly significant amount of index buying will occur. Companies increasing share count: 228 Companies decreasing share count: 246 The companies that have been buying back their stock most aggressively and reducing their share count are: Companies reducing share count (Change in market capitalization) Apple -0.6% Alphabet -1.2% T-Mobile -10.1% Blackrock -6.3% Exxon Mobil -1.0% Indexers will be selling shares of these companies. Companies increasing share count (Change in market capitalization) Amazon +1.7% Tesla +2.5% Berkshire Hathaway +2.3% Do share buybacks add value to shareholders? At the close, the share count will decrease 0.21% to 334.8 billion.

---

Persons: Newell Organizations: Lincoln National Newell Brands, Mobile, Blackrock, Exxon Mobil, Chevron, Companies, Berkshire Hathaway