Aug 14 (Reuters) - 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.

(Reporting by Sanchayaita Roy in Bengaluru; Editing by Devika

Syamnath)