What to Watch Wednesday: Yellen Testimony, Bed Bath & Beyond Earnings

On Wednesday, June 22, investors will hear from Federal Reserve Chair Janet Yellen for a second day on Capitol Hill and earnings from Bed Bath & Beyond (BBBY) - Get Report . Yellen will testify before the House Financial Services Committee in Washington at 10am and is expected to discuss Brexit fears, how fast the Federal Reserve will raise interest rates in the near term and the state of the labor market. On Tuesday, Yellen addressed Senators in her semi-annual testimony. At 10am, existing home sales for May are released, along with the EIA petroleum status report at 10:30. As for earnings, Bed Bath and Beyond releases quarterly earnings after the markets close. Analysts expect the retailer to report profit of $0.86 a share on sales of $2.8 billion. During the same quarter last year, the company reported earnings of $0.93 per share with revenue of $2.7 billion. Also after the markets close, Barnes & Noble (BKS) - Get Report and Red Hat (RHT) - Get Report report quarterly results. TheStreet's Scott Gamm reports from Wall Street.