Wall Street's major averages pushed higher on Friday, a day after Wall Street closed in correction territory as Donald Trump's trade plans hit investor sentiments. Early on and the benchmark S&P 500 (SP500) was +1.

A stock market correction is a drop in a major stock market index between 10% and 20% from recent highs. That's exactly what has happened with the Nasdaq Composite (NASDAQINDEX: ^IXIC) over the past three months.

The sharp drawdown on the U.S. stock market picked up steam on Thursday, pushing the S&P 500 into correction territory.