NEW YORK (AP) — Stocks are opening lower on Wall Street after a big jump last week on hopes for more interest rate cuts from the Federal Reserve. The S&P 500 slipped 0.2% in the first few minutes of trading Monday. The Dow Jones Industrial Average fell 72 points, or 0.2%, and the Nasdaq composite was down 0.3%. Keurig Dr Pepper sank 7.7% after saying it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion. Treasury yields rose in the bond market. European markets were mixed and Asian markets closed lower overnight.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

BANGKOK (AP) — World shares were mixed on Monday after the head of the Federal Reserve hinted that cuts to interest rates may be on the way .

European markets opened lower, with Germany's

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