Wall Street's major averages rose higher in Friday's afternoon trade, a day after stocks closed in correction territory as President Donald Trump's tariff feuds hit investor sentiment. The benchmark S&P 500 (SP500) was last  +1.

Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating tariff war being waged by the United States against some of its biggest trading partners could reignite inflation and tip the economy into recession.

Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month.

The S&P 500 index sunk into correction territory Thursday, falling 10 percent in less than a month from a record high. The S&P was down 1.4 percent shortly before 1:30 EST, falling to just more than 5,