LIVE MARKETS — Goldman Sachs sees $1.7 trillion buyback wave cushioning hit from stock supply surgE

S&P 500 edges red; Dow up; Nasdaq dips Comm svcs lead S&P sector gainers; tech biggest laggard Euro STOXX 600 index rises ~0.5% Dollar gains; US crude up >2%; golddips; bitcoin down >1% US bond market shut for Columbus Day holiday Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Goldman Sachs Sees $1.7 Trillion Buyback Wave Cushioning Hit From Stock Supply Surge US companies are poised to return a record $1.7 trillion to shareholders through stock buybacks in 2027, potentially shielding market valuations from the dilutive impact of near-record equity issuance, according to Goldman Sachs. The brokerage expects a sharp rise in the supply of publicly traded shares next year. While such an increase typically weighs on stock prices, corporate buybacks, alongside elevated demand from households and foreign investors, should be sufficient to absorb the additional shares, Goldman added. "We expect corporate equity issuance will total $600 billion in 2027," said Ben Snider, portfolio strategist at Goldman Sachs, in a note on 9 October, citing solid economic growth, higher stock prices, lower interest rates and