NEW YORK (AP) — Stocks slipped in early trading on Wall Street Monday, after a big jump last week on hopes for more interest rate cuts from the Federal Reserve .

The S&P 500 fell 0.2% and is just below its all-time high. The Dow Jones Industrial Average fell 110 points, or 0.3% as of 9:57 a.m. Eastern time, pulling back from the record it set on Friday. The Nasdaq composite fell 0.1%.

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