US shares drop as soaring oil prices stir inflation woes; Yen wilts

A rally in basic material and energy shares on higher oil prices initially lifted major U.S. stock indices. But the gains faded as investors focused on the start of the U.S. corporate earnings season next week.

US shares drop as soaring oil prices stir inflation woes; Yen wilts
A rally in basic material and energy shares on higher oil prices initially lifted major U.S. stock indices. But the gains faded as investors focused on the start of the U.S. corporate earnings season next week.