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Stocks step back at open

Oil pipeline explosion puts at least a temporary halt to market's two-day rally.

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NEW YORK (CNNMoney.com) -- Stocks sputtered at the start of trading Thursday as investors saw oil spike higher on a pipeline explosion in Minnesota.

The Dow Jones industrial average slipped 0.3 percent. The Nasdaq composite index lost 0.3 percent. The Standard & Poor's 500 index was 0.4 percent lower.

Among stocks in the news Thursday: E*Trade (Charts), Sears Holdings (Charts, Fortune 500), Warner Music Group (Charts), Wet Seal (Charts) and Verasun Energy (Charts). To top of page

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