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NEW YORK (TheStreet) -- U.S. stock futures were eying a lower open Friday and signaling a third day of declines for the S&P 500 as investors awaited a report on durable-goods orders. Sentiment remained subdued as the market continued to ponder the possibility of a pullback in Federal Reserve stimulus and remained jittery about the state of China's economic strength.

Futures for the S&P 500 were falling 5.25 points, or 3.46 points below fair value, to 1,644.75. The index remains in positive territory for the week and the month.

"The Fed Chairman (Ben Bernanke) had made perfectly sensible comments, suggesting that liquidity would be withdrawn when the economy did not need it, but markets perhaps wanted an excuse to correct," noted Paul Donovan, the London-based global economist at UBS.

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