Stocks fall as worries about 'Brexit' are reignited - News Summed Up

Stocks fall as worries about 'Brexit' are reignited


U.S. stocks are falling Tuesday morning as investors worry about the British financial system. HERE WE GO AGAIN: Stocks took a steep two-day plunge last month after Britain voted to leave the EU. SAFETY: Investors once again looked for safe investments, and the types of stocks that are generally considered the safest all traded higher. That hurt real estate stocks in Britain and reawakened concerns that the exit from the European Union could destabilize the country's financial system or economy. The pound fell to $1.3075 from $1.3259 on Tuesday, its lowest since the vote and the weakest in 31 years.


Source: Los Angeles Times July 05, 2016 14:05 UTC



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