U.S. stocks had been moving higher, but seemed to lose their momentum as the market opened.

The S&P 500 is down by 8 points to 2,083, the Dow Jones Industrial Average is dropping by 68 points to 17,777 and the Nasdaq is falling by 11 points to 5,130. Crude oil continues to get crushed and is dipping back to $38 a barrel. That is good news for apparel makers that use oil in synthetics or retailers that spend a lot on trucking their products. The dollar has regained any strength it lost last week.

The big market news this morning is the acquisition of Keurig Green Mountain for $13.9 billion by Germany’s JAB Holding. JAB offered $92 a share, a 78 percent premium to Friday’s close of $51.70. Keurig is the company that made single-serving coffee pods famous. JAB holds a majority stake in Jimmy Choo and in Coty Cosmetics, and also owns Bally and Belstaff. JAB Holding Company is owned by four of Albert Reimann, Jr.’s adopted children: Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen and Wolfgang Reimann.

Coca-Cola was Keurig’s biggest shareholder and is supportive of the deal. The deal is expected to close in the first quarter of 2016. The stock is higher by 74 percent in early trading to sell near $90. The stock has been a loser all year as it lost 60 percent of its value for 2015.

It’s a quiet day for economic reports with just the Consumer Credit report for October getting released later today at 3 p.m. Later this week on Friday, the market will get retail reports. This is also the 74th anniversary of the attack on Pearl Harbor, which caused the U.S. to declare war on Japan and led the country into World War II.

Asian markets closed the day mostly higher with only Hong Kong’s Hang Seng down 0.2 percent. China’s State Information Center has forecast the country’s 2016 GDP to grow at least 6.5 percent, which is down from the original forecast of 7 percent growth.

The major European indices are also higher across the board. Germany’s DAX leads the way with that market up 2.2 percent. Germany’s October industrial production came in at 0.2 percent, which missed the expectation of 0.7 percent, but was better than the previous month of  a 1.1 percent decline.

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