Wall Street logged its best week since late June, rebounding from a weak July jobs report on Monday and boosted by strong tech gains, upbeat earnings, and optimism over potential Russia-Ukraine peace talks.

Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track for new highs and its third weekly gain in the last four. The S&P 500 was up 0.8% and hovering around its record. The benchmark index is on track to wipe out its losses from a slide last week.

Gilead Sciences jumped 8.3% for one of the market's biggest gains. It reported financial results that easily beat analysts' forecasts, while also raising its earnings forecast for the year. Expedia Group rose 4.