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News Summary: On trading floor, a wait-and-see day

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The Associated Press | June 17, 2013 05:09 PM EST | AP


HOLDING PATTERN: Trading was light Monday, with investors waiting to see what Federal Reserve Chairman Ben Bernanke will say Wednesday about how long the central bank might keep in place programs meant to stimulate the economy.

GOING UP: All major U.S. stock indexes were up, largely because investors think the Fed will keep its programs in place. Two positive economic reports – one on home builder sentiment and one on New York factory activity – also helped.

THEY CAN CALL IT DREAMFLIX: Netflix jumped more than any stock on the Standard & Poor's 500, rising 7 percent after announcing that it will start running original television series from Dreamworks Animation.