Investing.com– U.S. stock index futures stabilized Monday evening after a positive session on Wall Street. This week, attention has turned to the Jackson Hole Symposium and the Democratic National Convention, which could provide further clues.

Wall Street rose on easing fears of a U.S. recession, with investors buying shares of huge technology companies after a edged sell-off earlier this month.

rose slightly to 5,630.50 points, while by 19:10 ET (23:10 GMT) it was up 0.1% to 19,869.25 points. It stabilized at 41,015.0 points.

Jackson Hole Waits for Clues on Interest Rate Cuts

The Jackson Hole Symposium, a meeting of major central bankers and finance ministers, is set to begin later this week. The keynote address is due on Friday.

Powell’s speech will be closely watched amid growing belief that the central bank is preparing to cut interest rates by 25 basis points in September, as recent economic readings have shown some moderation in inflation.

Evercore analysts say Powell could potentially signal the possibility of a 50 basis point rate cut, but they do not expect the Fed chairman to clearly indicate how much the Fed plans to cut rates.

Any commentary on a potential recession will also be in focus, particularly whether Powell still expects a pliable landing for the U.S. economy.

DNC in Spotlight as 2024 Presidential Race Heats Up

This week, attention is also focused on the Democratic National Convention, where President Joe Biden is scheduled to speak on Monday.

Vice President Kamala Harris was officially nominated as the party’s presidential candidate in early August and selected Minnesota Gov. Tim Walz as her running mate.

In July, Biden endorsed Harris, and in recent polls she has quickly caught up with Republican Party favorite Donald Trump, predicting a tight presidential race in 2024.

Wall Street at 1-month high as recession fears ease

Wall Street stock indexes hit a one-month high on Monday, supported by growing optimism about the resilience of the U.S. economy.

It rose 1% to 5,608.25 points, while it rose 1.4% to 17,873.38 points, with both indices hitting one-month highs. It rose 0.6% to 40,896.53 points and hit three-week highs.