03:58 PM EDT, 09/09/2024 (MT Newswires) -- US benchmark equity indexes ended higher Monday as investors analyzed a survey of consumers' inflation expectations and the probability of an interest rate cut next week.

* US consumers' inflation expectations rebounded at the medium-term horizon in August, while the one- and five-year outlooks were flat, the Federal Reserve Bank of New York said. The labor market outlook was "mixed, but largely stable," the New York Fed said.

Government data are likely to show Wednesday that US consumer inflation rose 0.2% sequentially and 2.6% annually last month, according to a Bloomberg-compiled consensus. The official producer prices report for August is scheduled to be released Thursday.

* The probability of a 25-basis-point interest rate cut next week rose to 73% Monday from 70% Friday, while the odds of a more aggressive 50-basis-point reduction fell to 27% from 30%, according to the CME FedWatch tool.

* October West Texas Intermediate crude oil closed up $1.04 to settle at $68.36 per barrel, while November Brent crude, the global benchmark, was last seen up $0.91 at $71.97.

* Boeing ( BA ) shares were up 3.6% after the plane maker said it reached a tentative labor deal with the International Association of Machinists and Aerospace Workers, representing more than 33,000 employees.

* Progress Software ( PRGS ) agreed to acquire software-as-a-service document collaboration business ShareFile from Cloud Software Group for $875 million. Progress shares were down 1.8%.