U.S. stock futures pointed to a mixed start for Wall Street on Wednesday, June 28, while shares in Europe and Asia declined, following a decline in U.S. stocks on Tuesday, June 27, that was brought on by a decision from Senate Republicans to put off a vote on their Obamacare repeal-and-replace bill until after the July 4 recess.
The Senate decided to delay a vote on the Better Care Reconciliation Act because Senate Majority Leader Mitch McConnell (R-Ky.) didn't have enough support from within his own party. Stocks in the healthcare sector fell on the news.
Meanwhile, Federal Reserve Chair Janet Yellen, in a speech in London on Tuesday, didn't say anything to contradict earlier statements about plans for the Fed to gradually remove stimulus and raise rates if economic conditions continue to improve. Investors took that to mean those plans remain on track.