The Financial Post reports in its Friday edition that bulls hoping the Nasdaq 100's best day since August is the start of a meaningful rebound may be about to get a boost from a long-standing ally: tech companies themselves. A Bloomberg dispatch to the Post says that led by the likes of Apple and Microsoft, Big Tech has for years been among the most extravagant spenders on their own stock, often to reduce dilution as new shares issued for compensation hit the market. The six biggest tech firms that repurchase shares have more than $250-billion set to spend, from existing programs or ones authorized this year, but a big chunk of that went unused, as the pace of buybacks slowed in the first half and likely stayed sluggish during the third-quarter market rout (all figures U.S.). Now, the set-up heading into the final three months of the year and the start of 2024 looks promising after cost-cutting and rising revenue have left many tech companies flush with cash to deploy. That would be a welcome development for tech bulls who have watched the Nasdaq 100 shed $1-trillion in market value in the past month. Meta has spent nearly $10-billion on buybacks in the first half of 2023, helping to fuel the stock's 150-per-cent climb.