Wall Street thunders on, Nasdaq adds more than 2%, Dow Jones jumps 331 points

NEW YORK, New York - The rally in U.S. stocks continued Friday, with the Nasdaq Composite leading the way. The major movers were Netflix and Alphabet, the parent company of Google, which announced on Friday it was laying off 12,000 employees worldwide.

"We're having a more emotional reaction than expected," Jeff Kilburg, founder and CEO of KKM Financial told CNBC Friday. "A lot of people got so pessimistic, and w