(CNBC) -- U.S. stocks posted slight gains on Wednesday after a volatile session kicked off 2019.
The Dow Jones Industrial Average closed 18 points higher after dropping nearly 400 points earlier in the day. The S&P 500 gained 0.1 percent while the Nasdaq Composite climbed 0.46 percent. At their lows of the day, the S&P 500 were both down more than 1 percent.
“Finally, we’re starting to see this buy-the-dip mentality creep into the market,” said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. “It’s because of valuations and it’s because the underlying data has been pretty good so far, albeit a bit softer.”
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