(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

*

Boeing ( BA ) jumps after reaching tentative labor deal

*

Dell, Palantir ( PLTR ) rise as stocks to be added to S&P 500

*

Indexes up: Dow 0.90%, S&P 500 0.61%, Nasdaq 0.44%

(Updated at 11:26 a.m. ET/1526 GMT)

By Shubham Batra and Shashwat Chauhan

Sept 9 (Reuters) - Wall Street's main stock indexes rose

on Monday, rebounding from a week of steep losses as focus

shifted back to the extent of interest rate cuts by the Federal

Reserve in 2024 and the crucial inflation report later in the

week.

Most megacap and growth stocks rose after falling

sharply last week, while Apple ( AAPL ) slipped over 1% ahead of

the company's

"It's Glowtime"

event where it will likely unveil a series of new iPhones

and updates to other devices and applications.

Apple's ( AAPL ) event could be upstaged by Huawei that

has a scheduled announcement of its Mate XT phone - a

triple-folding smartphone - just hours later.

Ten of the eleven S&P 500 sectors were trading higher,

with industrials and financials rising around

1.5% each.

Global markets were rattled last week as uncertainty over

the U.S. economy's health rippled across assets, adding fuel to

an already volatile period that has investors grappling with a

shift in the Federal Reserve's policy and worries over stretched

valuations.

Friday's weaker-than-expected August jobs data spurred

worries on economic growth, driving the Nasdaq Composite

to its worst week since January 2022, while the S&P 500

saw its biggest weekly drop since March 2023.

Markets will be squarely focused on U.S. consumer prices

data on Wednesday that is expected to show a moderation in

headline inflation in August to 2.6% on a yearly basis, while on

a monthly basis it is expected to remain unchanged at 0.2%.

"The idea is that whatever they do, the communication

from the Fed is going to be, look, this is the start of an

easing cycle that's going to get us more towards neutral," said

Steve Wyett, chief investment strategist at BOK Financial.

"My sense is they'd rather do 25 basis points (rate cut) at

a time because that's obvious given that growth is remaining

relatively positive."

The CPI report will be followed by producer prices data

on Thursday.

Money markets currently see a 71% chance of a 25-basis-point

rate reduction by the Fed next week and expect a total monetary

easing of 100 bps by the end of the year, according to CME's

FedWatch Tool.

Debate between Democrat Kamala Harris and Republican

Donald Trump on Tuesday - the first time ahead of the

presidential election on Nov. 5 - will be closely eyed by the

investors.

At 11:26 a.m. ET, the Dow Jones Industrial Average

rose 361.73 points, or 0.90%, the S&P 500 gained 33.24

points, or 0.61%, and the Nasdaq Composite gained 74.15

points, or 0.44%.

Among other individual movers, Boeing ( BA ) advanced 3.6%

after the planemaker and its biggest union reached a tentative

deal covering more than 32,000 workers, averting a possible

strike.

Dell Technologies ( DELL ) and Palantir ( PLTR ) rose 4.6%

and 11.6% respectively, while Erie climbed 1.2% as they

are set to join the S&P 500 index on Sept. 23.

These companies will replace American Airlines Group ( AAL )

, Etsy ( ETSY ) and Bio-Rad Laboratories ( BIO/B ),

respectively, in the index.

Advancing issues outnumbered decliners by a 2.14-to-1 ratio

on the NYSE and by a 1.82-to-1 ratio on the Nasdaq.

The S&P 500 posted 15 new 52-week highs and three new

lows, while the Nasdaq Composite recorded 29 new highs and 137

new lows.