The Trump administration indicated that it may be willing to engage in trade negotiations with China allaying fears of a trade war. The markets recovered to close sharply higher with the Dow soaring 230 points to 24,264. Nasdaq leaped 100 points to 7042

On the upside

Overstock.com (Nasdaq: OSTK) withdrew its secondary stock offering.

H.C. Wainwright affirmed its Buy rating on Omeros (Nasdaq: OMER) and established a price target of $34.00.

Norhtland Securities initiated coverage of Macom Technology Solutions (Nasdaq: MTSI) with an Outperform rating.

On the downside

Cellectis (Nasdaq: CLLS) announced a follow-on offering of $175 million of its American Depositary Shares.

Profit taking weighed down shares of Titan Machinery (Nasdaq: TITN).

Gannett (NYSE: GCI) priced its $175 million convertible senior note offering.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 surged 30 points to 2,644. Bitcoin crashed $547 to $6,887.