Wall Street rallies as Katrina threat eases

Wall Street rallied today after Hurricane Katrina weakened, easing concerns about refinery outages along the Gulf of Mexico and pulling oil prices back from record highs.

Wall Street rallies as Katrina threat eases

Wall Street rallied today after Hurricane Katrina weakened, easing concerns about refinery outages along the Gulf of Mexico and pulling oil prices back from record highs.

The Dow Jones industrial average climbed 65.76, or 0.63 percent, to close at 10,463.05. Last Friday, the Dow had its lowest close in seven weeks.

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