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.

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.

A three-week rout in markets has dragged the S&P 500 more than 10% off its recent high. Meanwhile, Trump refuses to bend on tariffs and shrugs off market woes.