How the major stock indexes fared Wednesday

[December 09, 2010]  (AP) -- 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.

[Associated Press]

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