India, Oct. 7 -- After trending higher over the past several sessions, stocks saw an initial pullback on Wednesday but regained ground over the course of the trading day. The major averages climbed well off their lows of the session, although they still closed in negative territory.

The tech-heavy Nasdaq ended the day down 61.20 points or 0.2 percent to 27,538.69 after slumping by as much as 0.9 percent in early trading. The S&P 500 also dipped 17.16 points or 0.2 percent to 7,801.77, while the narrower Dow slid 341.41 points or 0.7 percent to 51,179.87.

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