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Futures up: Dow 0.42%, S&P 500 0.53%, Nasdaq 0.73%

Sept 9 (Reuters) - U.S. stock index futures rose on

Monday, rebounding from heavy losses last week, as investors

remained optimistic about soft landing prospects for the U.S.

economy ahead of a crucial inflation report later in the week.

All megacap stocks rose in premarket trading, with Tesla

leading the gains after a 2% jump.

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.

For the year, S&P 500 still remains 13.4% higher as

hopes of a soft landing for the U.S. economy remained alive with

the Fed expected to begin its rate-cutting cycle next week.

"Today, the markets remain cautiously optimistic, reflecting

hopes that rate cuts will avoid a downturn. Yet, if economic

conditions worsen sharply, fears of a recession could outweigh

the benefits of rate cuts," said Seema Shah, chief global

strategist at Principal Asset Management.

"History shows that rate cuts themselves are not the enemy

-it's the economic context in which they occur that investors

should be paying close attention to."

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

data on Wednesday that is expected to show a moderation in

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

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

This will be followed by producer prices data on Thursday.

Money markets currently see a 75% 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.

At 04:39 a.m., Dow E-minis were up 170 points, or

0.42%, Nasdaq 100 E-minis were up 134.25 points, or

0.73% and S&P 500 E-minis were up 28.75 points, or

0.53%.

Among individual movers, Boeing ( BA ) advanced 3% after it

reached a tentative agreement with a union representing more

than 32,000 workers in the U.S. Pacific Northwest, in a deal

that could help avert a possible crippling strike as early as

Sept. 13.

Dell Technologies ( DELL ) and Palantir ( PLTR ) rose nearly

7% each in early trade, Erie climbed 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, from the index.