U.S. stocks are rising Wednesday after Wall Street got some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump's trade war is still knocking stocks around.

Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating, hydra-headed tariff war being waged by the United States against its biggest trading partner could reignite inflation and tip the economy into recession.

A soft inflation report before the bell brought out stock buyers, but they quickly retreated and gains faded into the open as investors looked under the hood.