The teen's body was recovered early Wednesday morning, according to the Coast Guard.
He would not comment further on why the search ended.
No other information is available at this point in the investigation.
The Coast Guard was able to rescue one of the men, and isbeing treated for hypothermia.
The Coast Guard has suspended its search for a person who went missing when their boat capsized in rough waters off Salisbury. The Coast Guard, along with the Salisbury harbor master and police department, the Merrimack police department, the Newburyport police department, and local community continue to search for the second person.
Britons cast ballots in election marred by terror attacks
Corbyn, meanwhile, accused Conservatives of undermining Britain's security by cutting the number of police on the streets. It rained intermittently across much of the country on polling day, but experts said it would likely not affect turnout.
Coast Guard crews and Hatteras Island Rescue personnel are searching for a missing man off Frisco Beach near Ramp 49, which was reported this afternoon.
Coast Guard officials investigated the boat and said they found no evidence it was involved in a crash. High tide was scheduled for about 10:50 p.m. Tuesday.
"We are saddened by this tragic event", David Hallac, superintendent of the Outer Banks Group national parks, said in a statement.
Salisbury police, firefighters and an ambulance were on the scene shortly after the emergency call came in.
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