The PrimeFlow Desk · Monday, November 9, 2026 · Market Brief
Berkshire Hathaway spent about $9.6 billion buying back its own shares between July and September. That brings its buybacks to $14.4 billion this year. The report came out on Saturday, at the end of the Nasdaq’s fourth losing week in a row.
Where the market closed on Friday, November 6, 2026
- S&P 500: 7,376.86, up 0.31%
- Dow: 51,285.73, down 0.46%
- Nasdaq: 24,579.43, up 1.09%
- 10-year Treasury yield: 4.86%, up 0.02 point
- Brent crude oil: $98.32 a barrel, up 0.03%
- Gold futures: $4,074.90 an ounce, down 0.94%
Early this morning Dow futures were up about 0.9% and S&P 500 futures about 0.5%. Brent oil was down about 2.4%, near $96. Futures trade before the opening bell, and our guide to premarket trading explains what those early moves can and can’t tell you about the day.
Why Berkshire Hathaway’s $9.6 billion buyback matters
A buyback is a company using its own cash to buy its shares back from the market. Berkshire’s stated rule is to do it only when its leaders think the stock trades below what the business is worth.
In the first nine months of last year it bought none. This year it has bought in every quarter, and the third was the biggest by far.
Berkshire’s third-quarter 2026 earnings
Berkshire’s own profits slipped. Operating earnings fell 5.8% in the quarter, to $12.7 billion from $13.5 billion, mostly because insurance made less: its underwriting profit dropped to $1.35 billion from $2.37 billion.
The railroad, the energy business and the manufacturing and retail arm all earned more than a year earlier.
My view
I read it as a vote on price, not a forecast. The buying was done before November’s chip sell-off. But a company this careful with cash put $9.6 billion into the one business it knows line by line.
What it means for you
A rough week tells you what nervous money did. A buyback tells you what one patient owner did with its own cash. When both land on the same weekend, I give more weight to the patient one.
Berkshire waits for its price. So can you. The 40 Minutes That Matter is what our desk teaches every new trader first: a workshop and two one-page cheat sheets, The Level Map and The Session Clock. It normally sells for $49. You can have it for one payment of $7.
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Also on the Desk
Oil slipped again. Brent fell to about $96 overnight from $98.32 on Friday, and US crude to about $89.
Small companies led the futures. Russell 2000 futures, the small-company index, were up about 1.3% early this morning.
The bond market takes Wednesday off. Stocks trade as usual on Veterans Day, but the bond market is closed.
On the calendar this week (Eastern time)
- Tuesday, Nov 10, 8:30 AM: October consumer prices
- Wednesday, Nov 11: Veterans Day; stocks open, bond market closed
- Thursday, Nov 12, after the close: Cisco and Applied Materials report
- Friday, Nov 13, 8:30 AM: October producer prices
On Sunday I wrote that Tuesday’s inflation report runs a month behind the pump. Gas cost more in October than it does now, so the number may run hotter than what you paid this week.
From the trade log
As of 9 November 2026, the public log stands at 522 closed alerts: 501 wins, 17 losses and 4 breakeven. That’s a 96.7% win rate. See every closed alert on the log →
Until the bell,
Christopher
Editor, PrimeFlow Trades
PrimeFlow Trades publishes market commentary and trade alerts for education. Nothing here is personal investment advice. Trading stocks involves risk, including the loss of money. Past results, including those on our public trade log, do not guarantee future results.
