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AutoZone Shares Rise After 8.6% Buyback Surge

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Story summary
  • Holding surged 8.6% after announcing a $1 billion share buyback through 2029.
  • AutoZone rose 3.2% after reporting stronger-than-expected quarterly profit.
  • Thor Industries gained 5.5% despite its CEO citing expensive fuel, high rates and lingering inflation.
  • ConocoPhillips fell 1.8% as oil-and-gas stocks were hurt by lower crude prices.
  • The 10-year U.S. Treasury yield held steady at 4.96% on Monday.