The Nasdaq opened modestly lower after a record close above 20,000, following a nearly 1.8% jump fueled by gains in Tesla, Amazon, Meta Platforms, and Alphabet. Meanwhile, the S&P 500 rose nearly 1%, but the Dow fell for the fifth consecutive session.A stronger-than-expected wholesale inflation report, with the producer price index rising 0.4% month-over-month, tempered market enthusiasm. Despite this, traders are still anticipating a quarter-point rate cut at the upcoming Fed policy meeting.ServiceTitan is set to debut on the Nasdaq, offering cloud software for contractors, with its IPO priced at $71 per share, exceeding initial expectations.