Midday Report: U.S. Stocks Slip; 'Star Wars' Leads Chinese Box Office

U.S.tocks lost earlier gains to fall into the red after another selloff in crude oil prices pressured the energy sector. Crude was trading at around $32 a barrel. FitBit (FIT) extended its losing streak into a new week. Shares have fallen nearly 40% since the beginning of the year as the wearables company prepares to enter the high-end smartwatch market currently dominated by Apple (AAPL). 'Star Wars: The Force Awakens' smashed new records after it logged the best Saturday opening day in history in China. The Disney (DIS) film is expected to gross at least $200 million in China by the end of its run. After six months of negotiations and offers, drugmaker Shire (SHPG) has sealed the deal to buy Baxalta (BXLT) for $32 billion. TheStreet's Keris Lahiff reports from Wall Street.