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 climbed in early trading on Thursday, advancing amid signs the federal government may avert a shutdown and recovering some of the losses suffered during an escalating trade war. The market upswing comes after Senate Democratic Leader Chuck Schumer announced Thursday night that he plans to vote to keep the government open,

Stocks ended sharply lower again last night, pulling the S&P 500 into correction territory, defined as 10% pullback from a recent high, in the fastest such move since the Covid pandemic and the seventh-fastest since 1929.