Market Data 
Investing.com– U.S. stock index futures fell slightly in evening deals on Tuesday as focus turned squarely towards an upcoming inflation print that is likely to factor into the outlook for interest rate cuts.
Focus was also on the first debate between Vice President Kamala Harris and former President Donald Trump, who are set for a hotly contested 2024 presidential election. The debate is set to take place later on Tuesday evening.
Wall Street indexes were sitting on some gains over the past two sessions after uncertainty over the economy and interest rates sparked steep losses through the prior week.
fell 0.1% to 5,500.50 points, while fell 0.1% to 18,850.50 points by 19:11 ET (23:11 GMT). fell slightly to 40,782.0 points.
CPI data awaited for more rate cut cues
Focus now turns to a inflation reading, due Wednesday, for more cues on interest rates.
The reading is expected to show inflation eased further, albeit slightly in August, potentially giving the Federal Reserve more confidence to cut interest rates this year.
Wednesday’s CPI reading comes just a week before a , where the central bank is expected to cut interest rates by at least 25 basis points.
Uncertainty over September’s cut was a key weight on stock markets through the past week, as signs of resilience in the U.S. economy saw traders trim expectations for a bigger, 50 bps cut in September.
Traders are pricing in a 70% chance the Fed will cut rates by 25 basis points, and a 30% chance of a 50 bps cut, showed.
Wall St buoyed by tech while financials, energy stumble
Gains in technology stocks- amid some bargain buying and accumulation in the sector- helped most Wall Street indexes log a stronger close on Tuesday, although overall gains were still limited by losses in banks and energy stocks.
Oracle Corporation (NYSE:) helped spur gains in technology stocks after the firm clocked stronger-than-expected earnings and also announced a cloud partnership with Amazon.com Inc (NASDAQ:).
Major bank stocks steadied in aftermarket trade after clocking deep losses during the session, as JPMorgan Chase & Co (NYSE:) issued a net interest income warning on the prospect of lower interest rates.
Energy stocks were battered by oil prices sinking to an over three-year low on concerns over slowing demand.
The rose 0.5% to 5,495.52 points, while the rose 0.8% to 17,025.79 points. The lagged, falling 0.2% to 40,736.96 points.
Harris-Trump debate awaited
Markets were also awaiting the first presidential debate between Harris and Trump, which is set to begin later on Tuesday.
Recent polls showed the candidates locked into a tightly contested race for the White House, with less than two months left to the ballot.
The debate is set to begin at 21:00 ET (03:00 GMT).
