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Fed Preview: Bernanke Won't Budge

Ben Bernanke is unlikely to offer any June surprises, as monetary stimulus remains appealing.

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Michelle Obama In a Bottle: Luxury Perfumer Launches With First Lady Inspiration

Seth Kornegay is seeing early success in launching a line of all-natural perfumes, including an Obama homage.

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NEW YORK (TheStreet) -- U.S. stock futures were plunging Thursday as Treasury yields soared and the international markets weakened across multiple asset classes as anxieties grew over the possibility that the Federal Reserve will start moderating its stimulus for the U.S. economy soon.

Futures for the S&P 500 were slumping 16.75 points, or 15.03 points below fair value, to 1,607. Futures for the Dow Jones Industrial Average were dropping 128 points, or 115.19 points below fair value, to 14,919. Futures for the Nasdaq were declining 32.75 points, or 29.3 points below fair value, to 2,923.5.

Microsoft shares were down nearly 1% to $34.30 in premarket trading. The company recently held advanced talks with Nokia about buying its handset business, The Wall Street Journal reported, citing people familiar with the matter.

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