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Opening Bell: U.S. Stocks Slip as Oil Falls; KB Home Shares Surge

U.S. stocks kicked off the last trading session of a shortened holiday week to the downside as oil prices slipped back below $40 a barrel amid supply concerns.
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U.S. stocks kicked off the last trading session of a shortened holiday week to the downside as oil prices slipped back below $40 a barrel amid supply concerns. Though analysts said the market is now looking ahead to possible production freezes, which will create a more stable environment for the closely-watched commodity. Plus, weekly jobless claims rose by 6,000 over the past week to 265,000 claims. U.S. durable goods orders fell 2.8 percent in February, slightly better than expectations. Meanwhile, homebuilder KB Home (KBH) - Get KB Home Report reported first quarter earnings per share of $0.14, eclipsing estimates by $0.03. Revenue climbed to $678.4 million, a 17 percent increase year over year. Finally, Turner is set to invest $100 million into the Bleacher Report. The online sports outlet will beef up hiring and focus on video content. Turner is a subsidiary of Time Warner (TWX) . TheStreet's Scott Gamm reports from Wall Street.

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