President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.

US stocks gained after a volatile start of the trading session on Thursday, on potential signs of easing trade tension between the US and China.

China and the United States agreed on Thursday to hold more trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals that has begun to threaten the global economy.