NEW YORK — 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 — 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 DAX down 0.2

See Full Page