Market Pauses as Investors Eye Jackson Hole Symposium

U.S. stocks closed slightly lower Tuesday, halting a recent rally ahead of the Jackson Hole Economic Symposium. Key indexes saw minor declines as investors await signals from Federal Reserve Chair Jerome Powell's upcoming speech. The S&P 500 and Nasdaq experienced their longest winning streaks since late last year.

On Tuesday, U.S. stocks closed slightly lower, breaking their recent winning streak due to a lack of market-moving catalysts ahead of the Jackson Hole Economic Symposium.

All three major U.S. stock indexes edged down, ending a multi-session rally that saw a rebound from a significant sell-off driven by recession concerns.

The upcoming speech by Federal Reserve Chair Jerome Powell is expected to provide hints about future policy rate cuts, which investors are keenly anticipating.