02:04 PM EDT, 09/08/2025 (MT Newswires) -- US benchmark equity indexes were mostly higher after midday Monday as traders awaited official inflation data for August due later in the week.

The Nasdaq Composite was up 0.5% at 21,808.8 intraday, while the S&P 500 rose 0.2% to 6,494.8. The Dow Jones Industrial Average was little changed at 45,409.7. Among sectors, technology paced the gainers, while utilities and real estate saw the steepest declines.

The official US producer price report for last month is scheduled to be released Wednesday, followed by consumer inflation data on Thursday.

The consumer price index is expected to have increased 0.3% sequentially and 2.9% annually in August, according to a Bloomberg-compiled consensus.

"If it is higher than expected, this week's August CPI report could help undo some of the probabilistic shift toward a (50-basis-point) cut in the Fed funds rate target on September 17," Macquarie said in a Monday client note. "Our baseline view is that the Fed will cut by 25 (basis points) next week, and will leave the door open to another cut in October or December. But a (50-basis-point) cut still remains highly unlikely."

Markets are currently pricing in an 88% probability that the central bank's Federal Open Market Committee will reduce its benchmark lending rate by a quarter percentage point next week, with the remaining odds in favor of a 50-basis-point cut, according to the CME FedWatch tool.

A soft jobs report released Friday stoked fears about a slowing labor market, triggering some market participants to bet on a bigger Fed rate cut at this month's meeting.

US Treasury yields were lower intraday Monday, with the 10-year rate falling 2.7 basis points to 4.06% and the two-year rate losing one basis point to 3.5%.

West Texas Intermediate crude oil was up 0.8% at $62.39 a barrel.

On Sunday, eight members of the Organization of the Petroleum Exporting Countries and its allies agreed to raise October output by 137,000 barrels per day. That's smaller than just under 550,000 barrels added in September and August each, and 411,000-barrel gains in each of the prior three months.

"Riyadh and its allies signaled a decisive pivot: defending market share now outweighs defending prices," Rystad Energy said. "The headline volume may look marginal, but the messaging is not."

In company news, Uber Technologies ( UBER ) shares were up 3.2%, among the top gainers on the S&P 500. The ride-hailing company will replace Charter Communications ( CHTR ) in the S&P 100 index, effective Sept. 22, S&P Global ( SPGI ) division S&P Dow Jones Indices said late Friday.

AppLovin ( APP ) , Robinhood Markets ( HOOD ) , and Emcor Group ( EME ) will join the benchmark S&P 500 index, S&P Dow Jones said. Robinhood surged 14% intraday Monday, while AppLovin ( APP ) jumped 10%. Emcor ( EME ) was little changed.

EchoStar ( SATS ) shares soared 15% after the company agreed to sell its wireless spectrum licenses to space technology company SpaceX in a cash-and-stock deal worth about $17 billion.

Gold was up 0.6% at $3,676.40 per troy ounce, while silver added 0.8% to $41.95 per ounce.