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Wall Street has second straight rally of more than 1 percent

(Reuters) - U.S. stocks rallied more than 1 percent for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and hopes of more aggressive action from the European Central Bank.

The Dow Jones industrial average <.DJI> rose 316.28 points, or 1.8 percent, to 17,900.8, the S&P 500 <.SPX> gained 36.11 points, or 1.78 percent, to 2,062.01 and the Nasdaq Composite <.IXIC> added 85.72 points, or 1.84 percent, to 4,736.19

(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)

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