Wall Street's major averages rebounded strongly on Friday, 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 +1.

NEW YORK (AP) — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month.

Only three years ago a dust up between Sam Bankman-Fried and the boss of the US’s largest futures and options exchange, was emblematic of Wall Street’s skepticism of the crypto wave.