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.

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.