TODAY: 🇺🇸U.S. stocks RETRACED their early gains within 30 minutes of the market open. Stocks opened SLIGHTLY higher after October PPI rose 0.3% month over month, below the 0.4% forecast, and while NVDA recovered some recent losses during pre market. The indexes then PULLED BACK from early-session levels: • Dow −0.46% • Nasdaq Composite −0.64% • S&P 500 −0.55% Despite the SOFTER monthly reading, annual wholesale inflation accelerated to 6.5% from 6.3%, keeping inflation concerns in focus.