U.S. Stocks Come Under Stress as Brexit Vote Looms

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by Sue Chang and Ellie Ismailidou
Market Watch

U.S. stocks surrendered early gains Wednesday afternoon as the latest polls showed the outcome of a U.K. vote on whether to leave the European Union remained too close to call on the eve of the referendum.

An online survey by Opinium showed 45% of respondents are in favor of ditching the EU while 44% prefer to stay. Nine percent of voters were undecided.

“Brexit is an iceberg. We can all see how high it is above water—Bremain. But none of us can fathom how deep it goes under the surface—Brexit. And therein lies the problem,” said Douglas Borthwick, managing director of Chapdelaine Foreign Exchange.

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