Wall Street rally boosted by higher oil prices

U.S. crude pared some of their gains, but were up more than 2 percent after the International Energy Agency said oil prices might have bottomed as output in the United States and other non-OPEC countries was beginning to fall quickly. Investors took a positive view of European Central Bank's new stimulus package unveiled on Thursday, despite ECB President Mario Draghi signaling an end to further rate cuts. The Nasdaq Composite was up 66.03 points, or 1.42 percent, at 4,728.19.

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Wall Street rally boosted by higher oil prices