(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve’s next policy move from a three-day conference in Jackson Hole.

A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington’s growing interference in the sector has also raised alarms.

The selloff could also be a result of investors paring back their stock exposure during a traditionally rocky period for equities, according to the Stock Trader’s Almanac.

“Equities could be more at risk of volatility amid this week’s selloff in AI-related stocks on the back

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