US stocks closed higher on Friday, but it wasn't enough to erase the week's losses. Averting a government shutdown overshadowed weak sentiment data.

The S&P 500 has fallen more than 10% from its record high, entering a correction and shedding trillions of dollars in market value.

But uncertainty around Trump's tariff policy continues to grip Wall Street, and his trade war has only intensified this week. The president has vowed to respond to tariffs planned by the EU and Canada in response to US duties on steel and aluminum imports — most notably leading off Thursday by threatening a 200% tariff on imports of EU wines and spirits.

US stocks slid, with the S&P 500 joining Nasdaq in a correction as Trump threatens 200% tax on European liquor if EU's tax on US whiskey stays.

Stock market volatility continues as Dow, S&P 500, and Nasdaq make a sharp recovery after steep weekly losses. The S&P 500 rebounded 1.8% after falling into correction territory, while the Dow Jones climbed 1.

U.S. stocks are rallying Friday, though not by enough to keep Wall Street from heading toward a fourth straight losing week, which would be its longest such streak since August. The S&P 500 was 1.8% higher in midday trading,