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.

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 afternoon trading,

US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union.

A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first si