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Will the Federal Reserve continue to pump up the economy? And people find themselves working on their vacation. Here's the Wednesday Bloomberg After The Bell Report from the New York Stock Exchange.
Fed Chairman Ben Bernanke told Congress that the Central Bank would be responding to economic data on deciding when to start reducing stimulus to the economy. The Fed also said that the economy continued to grow at a modest to moderate pace in recent weeks boosted by industries like housing and manufacturing.
Stocks were higher by the close of trading on that news and after better-than-expected earnings from Bank of America.
The NCAA said it would not renew a contract with video game manufacturer Electronic Arts for a college football video game. USA Today reports the NCAA and EA are co-defendants in an antitrust suit concerning the use of college athletes' names and likenesses that is pending before a federal district court.
It's the time of year for vacations, but online meeting software provider Team Viewer says 61 percent of vacationers that have a job still plan to work while they're away from the office and that's up from last year. Most will be reading work-related emails.