U.S. stocks slid as crude traded at its lowest level in more than a week. Oil extended yesterday’s selloff as hopes faded OPEC members would agree on a production freeze. Home builder confidence held steady in March with opinions on current conditions unchanged, though sales forecasts for the next six months were slightly pessimistic. The housing market has seen a softer start to the year as weather impeded buying and building and economic worries kept consumers weary. Darden Restaurants (DRI) was under pressure after activist investor Starboard Value trimmed its investment, unloading another 1.3 million shares to reduce its stake to 5.2 percent. The firm began the year with a stake of just over nine percent. TheStreet’s Keris Lahiff reports from Wall Street.
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