U.S. equity markets rallied Friday, powered again by large-cap tech and positive developments in the race for a coronavirus vaccine after a study found an experimental treatment reduced death in patients.

The Nasdaq Composite, which pulled down its third straight record this week, was lifted by fresh highs in Apple, Amazon and Netflix.

Meanwhile, the Dow Jones Industrial Average rose 369.07 points or 1.44 percent, while the S&P 500 added 1.05 percent.

For the week, all three major averages registered gains. Read more at FOX Business