US Stock Market Today: The S&P 500 and the Nasdaq retreated from record highs on Thursday, after a hotter-than-expected producer prices report dampened investor expectations of potential interest-rate cuts by the Federal Reserve this year.
The Dow Jones Industrial Average fell 31.4 points, or 0.07%, at the open to 44,890.84. The S&P 500 fell 13.1 points, or 0.20%, at the open to 6,453.46, while the Nasdaq Composite dropped 63.9 points, or 0.29%, to 21,649.211 at the opening bell.
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