Easing trade tensions sent the markets soaring to a sharply higher close with the Dow catapulting 669 points to 24,202. Nasdaq rocketed 227 points to 7220.

On the upside

JD Sports will acquire The Finish Line (Nasdaq: FINL) for a premium of approximately $558 million.

Belden (NYSE: BDC) announced the redemption of all outstanding preferred share purchase rights.

Shares of MongoDB (Nasdaq: MDB) surged on news that U.S. and Chinese officials are pursuing talks discuss trade issues.

On the downside

Protagonist Therapeutics (Nasdaq: PTGX) ended its Phase 2b PROPEL study of PTG-100 to treat patients with moderate to severe ulcerative colitis.

Tintri (Nasdaq: TNTR) chief financial officer Ian Halifax will leave the company on April 30, 2018.

Shares of Omeros (Nasdaq: OMER) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 70 points to 2,658. Bitcoin tanked $727 to $7,899.