Stocks indexes hit new highs on Wall Street as investors bank on continued support from the Federal Reserve.

Indexes wobbled between gains and losses in early trading, then took a turn higher after James Bullard, head of the Fed's St. Louis branch, said the Fed should keep buying bonds to support the economic recovery.

The Dow Jones industrial average rose 52.30 points, or 0.3 percent, to close at 15,387.58.

The Standard & Poor's 500 index rose 2.87 points, or 0.2 percent, to 1,669.16.

The Nasdaq composite index rose 5.69 points, or 0.2 percent, to 3,502.12.

For the week:

The Dow is up 33.18 points, or 0.2 percent.

The S&P 500 is up 1.69 points, or 0.1 percent.

The Nasdaq is up 3.15 points, or less than 0.1 percent.

For the year:

The Dow is up 2,283.44 points, or 17.4 percent.

The S&P 500 is up 242.97 points, or 17 percent.

The Nasdaq is up 482.61 points, or 16 percent