The Dow shot up more than 370 points Thursday as stocks soared to one-month highs. Spurring them on: robust economic data and an easing of trade tensions after the U.S. and China agreed to hold high level talks. The S&P rose 1.3%, surpassing a key technical level indicating momentum.

RiverFront Investment Group senior portfolio manager, Rebecca Felton:

SOUNDBITE: RIVERFRONT INVESTMENT GROUP SENIOR PORTFOLIO MANAGER, ROBECCA FELTON (ENGLISH) SAYING:

"It's a relief rally. Just the anticipation that perhaps there's something of merit going on between the two leaders, both of whom want to appear strong to their constituents but also recognizing that this is necessary in terms of global growth. And so I think that is going to weigh over ego."

Prudential Financial shares rose. The insurer is buying the online insurance startup, Assurance IQ, for nearly $2.4 billion.

Shares of Slack dropped after the workplace messaging platform forecast a bigger loss than Wall Street expected. The stock has lost roughly a fifth of its value since going public in June.

Facebook shares rose after it said it's launching dating services in the United States. That pressured shares of Match Group, the parent of the dating service mobile app, Tinder.