Wall Street Buzz Fades as Oil Prices Climb on Houthi Attacks
Wall Street indexes surged to new highs overnight driven by earnings optimism, but the positive sentiment faltered in Asian trading as oil prices rose again due to attacks by Yemen's Iran-backed Houthis on Saudi Arabia, which have previously disrupted energy markets and contributed to inflation.
MORNING BID: WHO'S THE BOSS? Wall Street indexes reached new highs overnight on earnings optimism, but the rally lost momentum in Asia as oil prices climbed again after attacks by Yemen's Iran-backed Houthis on Saudi Arabia. To end a war that has roiled energy markets and stoked inflation for eight m…