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Stock indexes wobbled for most of the day Wednesday before turning positive in the afternoon. Traders expect the tax cut compromise reached by President Barack Obama and Republican leaders to encourage growth in the U.S. economy. The Standard & Poor's 500 index reached a new closing high for the year.

The Dow Jones industrial average edged up 13.32 points, or 0.1 percent, to 11,372.48.

The Standard & Poor's 500 index rose 4.53, or 0.4 percent, to 1,228.28.

The Nasdaq composite index rose 10.67, or 0.4, to 2,609.16.

For the week:

The Dow is down 9.61, or 0.08 percent.

The S&P is up 3.57, or 0.3 percent.

The Nasdaq is up 17.70, or 0.7 percent.

For the year:

The Dow is up 944.43, or 9.1 percent.

The S&P is up 113.18, or 10.1 percent.

The Nasdaq is up 340.01, or 15 percent.

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Stocks ended mixed Wednesday as concerns that Ireland will need outside help to repay its debts were coupled with a steep drop in housing construction in the U.S. Global stock markets have been rattled over the past week out of fear that Ireland will become the next European country to need a bailout after Greece.

The Dow Jones industrial average fell 15.62, or 0.1 percent, to 11,007.88.

The Standard & Poor's 500 index rose 0.25, or less than 0.1 percent, to 1,178.59.

The Nasdaq composite index rose 6.17, or 0.3 percent, to 2,476.01.

For the week:

The Dow is down 184.70, or 1.7 percent.

The S&P is down 20.62, or 1.7 percent.

The Nasdaq is down 42.20, or 1.7 percent.

For the year:

The Dow is up 579.83, or 5.6 percent.

The S&P is up 63.49, or 5.7 percent.

The Nasdaq is up 206.86, or 9.1 percent.

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NEW YORK – Stocks posted meager gains Wednesday as traders remained cautious ahead of a global economic summit where the U.S. is likely to face pushback from other nations over its economic stimulus plan.

The Dow Jones industrial average rose 10.29, or 0.1 percent, to 11,357.04.

The Standard & Poor's 500 index rose 5.31, or 0.4 percent, to 1,218.71.

The Nasdaq composite index rose 15.80, or 0.6 percent, to 2,578.78.

For the week:

The Dow is down 87.04, or 0.8 percent.

The S&P is down 7.14, or 0.6 percent.

The Nasdaq is down 0.20, or 0.01 percent.

For the year:

The Dow is up 928.99, or 8.9 percent.

The S&P is up 103.61, or 9.3 percent.

The Nasdaq is up 309.63, or 13.6 percent.

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The Dow Jones industrial average reached its highest level in two years after the Federal Reserve announced plans to buy $600 billion in Treasurys to stimulate the economy. The aim is to drive interest rates lower in an effort to spark spending and lending. The Fed made firmer commitments under the new program than many investors had been expecting, which helped push stock indexes and most Treasury prices higher.

The Dow Jones industrial average rose 26.41, or 0.2 percent, to 11,215.13.

The Standard & Poor's 500 index rose 4.39, or 0.4 percent, to 1,197.96.

The Nasdaq composite index 6.75, or 0.3 percent, to 2,540.27.

For the week:

The Dow is up 96.64, or 0.9 percent.

The S&P is up 14.70, or 1.2 percent.

The Nasdaq is up 32.86, or 1.3 percent.

For the year:

The Dow is up 787.08, or 7.5 percent.

The S&P is up 82.86, or 7.4 percent.

The Nasdaq is up 271.12, or 11.9 percent.

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