MARKET NEWS UPDATE;
Most U.S. equities pared opening losses as investors ignored renewed concern over trade relations among the world’s two biggest economies. The dollar advanced with Treasury yields.
Worsening relations between the U.S. and China remain at the top of the agenda and that’s overshadowing optimism for a trade deal between the EU and America.
Elsewhere:
Tesla bulls are now the minority after an analyst cut his rating and said the company was “no longer investable” because of CEO Elon Musk’s erratic behavior.U.S. markets are bracing for Hurricane Florence, which could be one of the most expensive storms on record.
Brazilian markets dropped after a new poll showed left-wing candidates gaining support while those favored by investors stalled out, muddying the outlook for the upcoming presidential election.