Stocks Finish Higher

Markets gained stability as a downgraded Katrina rocked the Gulf Coast, and as oil retreated from session highs

Major stock indexes rallied into the close Monday, finishing higher as oil prices pulled back on profit-taking and as Hurricane Katrina was downgraded to a Level 2 storm. Damage to oil operations in the Gulf of Mexico was less than many anticipated, says Standard & Poor's MarketScope, putting a damper on the surge in energy prices.

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