US STOCKS-Wall St rallies as cold snap fires up crude oil
* GE down after qtrly revenue misses
* Crude up as cold wave boosts short-term demand
* Schlumberger up after results, $10 bln buyback
* Indexes up: Dow 1.12 pct, S&P 1.61 pct, Nasdaq 2.1 pct (Adds details)
By Abhiram Nandakumar
Jan 22 (Reuters) - The S&P 500 and the Nasdaq rallied nearly 2 percent on Friday morning as a cold wave in the United States and Europe helped crude oil surge for a second day.
All 10 major S&P sectors were in the black, led by a 4.67 percent jump in energy stocks. The Nasdaq soared more than 2 percent and was on track for its best day since Oct. 23.
European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy at its March meeting also encouraged investors bruised by a brutal selloff that began at the start of 2016.
Crude prices, still under pressure from a global glut, were up more than 6 percent as the cold wave boosted short-term demand and traders cashed in their short positions. Continuación...