What to Watch Tuesday: Yellen Senate Testimony; FedEx Earnings

On Tuesday, June 21, investors await remarks from Federal Reserve Chair Janet Yellen on Capitol Hill, along with earnings from FedEx (FDX) - Get Report , among other companies. Yellen will deliver her semi-annual testimony in front of the Senate Banking Committee in Washington at 10am Eastern. She is expected discuss Brexit fears, the pace of interest rate hikes in the near-term and the state of the labor market. Meanwhile, investors will also be watching quarterly earnings from CarMax (KMX) - Get Report and Lennar (LEN) - Get Report released before the markets open. KB Home (KBH) - Get Report and Adobe (ADBE) - Get Report report after the markets close, along with FedEx Corporation, which is expected earn $3.28 a share on sales of roughly $12.8 billion.
TheStreet's Scott Gamm reports from Wall Street.