Investing.com – U.S. stock index futures steadied in evening trade on Tuesday after Wall Street closed lower for the first time in nine sessions, with focus remaining on the upcoming Jackson Hole Symposium and further hints of interest rate cuts.

Wall Street indexes closed slightly lower on Tuesday as the rally of the past eight sessions faded. Heavyweight technology stocks posted some losses after a strong rebound in recent sessions, while energy stocks slipped on weak oil prices.

stabilized at 5,620.25 points, fell 0.1% to 19,797.25 points by 19:04 ET (23:04 GMT). rose 0.1% to 40,972.0 points.

Wall Street ends 8-day winning streak, Jackson Hole draws closer

Wall Street indexes fell on Tuesday after rising for the past eight sessions as they overcame the market weakness and volatility of early August.

Markets have turned cautious ahead of the Jackson Hole Symposium – a meeting of the heads of major central banks – later this week, where he is due to speak.

While investors expect Powell to send more dovish signals, particularly given recent signs of a slight cooling in inflation, he is not expected to explicitly outline his plans for a rate cut in September.

However, the Fed is still widely expected to cut rates next month, with markets pricing in a 67% chance of a 25 basis point cut and a 33% chance of a 50 basis point cut, according to .

Wall Street’s recovery from early August lows was largely driven by optimism about lower interest rates, with further encouraging signals from the Fed likely to lead to further gains.

The fell by 0.2% to 5,597.12 points on Tuesday, while the fell by 0.4% to 17,814.98 points. The fell by 0.2% to 40,834.97 points.

JD.com falls after reports of Walmart plan to sell shares

Among major aftermarket players, shares of Chinese e-commerce company JD.com Inc (NASDAQ:) slipped over 9% after Bloomberg reported that Walmart Inc (NYSE:) planned to sell its stake in the company for about $3.7 billion.

Keysight Technologies Inc (NYSE:) rose 11% after its earnings beat estimates, while 3D Systems Corporation (NYSE:) fell 5% after earnings came in weaker than expected.

Furniture maker La-Z-Boy Incorporated (NYSE:) fell 4% as weaker-than-expected guidance largely offset strong earnings.