Stocks open lower; Fitbit sinks on disappointing sales and announces layoffs

Stocks are opening broadly lower, led by industrial and technology companies.

American Airlines slumped 3.1% in early trading Monday, and Cognizant Technology Solutions lost 2.4%.

Rite Aid plunged 18% after Walgreen Boots Alliance cut the price it will pay to buy its rival.

Fitbit dropped 12% after...

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