Investors may be most thankful that this is a quick week. The market is closed for Thanksgiving and will log just a half-day on Black Friday, but from today through Wednesday, traders will face a heavy slate of economic data and earnings news.
Among quarterly results scheduled for this holiday-shortened week, investors may be thankful for earnings results from Tyson Foods, the Arkansas-based poultry and meat producer. Analog Devices and Deere also are reporting.
When IBM raised its buyback authorization by $10 billion on Oct. 26, it was the 259th company to announce repurchase plans in October alone. Citi Investment Research says a long-term trend of rising buybacks has only just begun.