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All Eyes on the Brexit Vote
Both U.S. and overseas stocks continued to fret over this week’s vote in Great Britain to stay in or exit from the European Union. One top of that, continued concerns over U.S. economic growth prospects weighed on the investment markets. For the week, U.S. stocks declined in the range of 1% to 2%.
Fed Chair Janet Yellen’s remarks to Congress this week will be closely followed by Wall Street. While the Brexit vote is still a close call, polls are suggesting that the U.K. will remain in the European Union, which bodes well for stocks.