The Dow snapped its three-week losing streak on Friday, tacking on more than 1,200 points to secure its best day since May and close at a new record high. The S&P 500 and Nasdaq scored their first gain in four sessions as Big Tech bounced back from recent losses, brushing off Amazon.com's (AMZN) dismal post-earning reaction -- though the former still finished the week lower as the latter marked a fourth-straight weekly loss. Meanwhile, Bitcoin (BTC) earlier climbed back above $70,000 after an extended pullback, and the Cboe Volatility Index (VIX) pulled back sharply, but still secured a fourth consecutive weekly gain.

GOLD PRICES BOUND BACK, SCORE WEEKLY GAIN

Oil prices edged higher on Friday, as traders closely monitored talks between U.S. and Iran officials in Oman. While Tehran refused to end enrichment of nuclear fuel, it signaled it was willing to reach a diplomatic solution. March-dated West Texas Intermediate (WTI) crude rose 26 cents or 0.4%, to settle $63.55 a barrel. Black gold shed roughly 2.5% this week.

Gold priced settled higher as investors bought the dip, the greenback weakened slightly, and U.S.-Iran concerns remained. April-dated gold futures added 1% to settle at roughly $4,939.70 per ounce. For the week, the yellow metal gained 1.3%.

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