(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

*

Eli Lilly ( LLY ) up after appointing insider Montarce as CFO

*

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

*

Indexes up: Dow 0.47%, S&P 500 0.85%, Nasdaq 1.11%

(Updated at 9:35 a.m. ET/1335 GMT)

By Shubham Batra and Shashwat Chauhan

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

on Monday, rebounding from a week of heavy losses as investors

remained optimistic about a soft landing scenario for the U.S.

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

Most megacap and growth stocks rose after falling sharply

last week, with Tesla and Nvidia ( NVDA ) adding more

than 3% each.

Major chip stocks, which also saw heavy selling last

week, regained some ground with the Philadelphia Semiconductor

Index up 1.8% after tumbling more than 4% on Friday.

Ten of the 11 major S&P 500 sectors were trading higher,

with consumer discretionary and information technology

rising more than 1% 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%.

Ronald Temple, chief market strategist at Lazard said that

while the inflation battle is not fully won, "it appears safe to

say that the Fed should feel comfortable that inflation is

sufficiently under control to begin moving monetary policy in a

less restrictive direction."

The report will be followed by producer prices data on

Thursday.

Money markets currently see a 73% 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 09:35 a.m. ET, the Dow Jones Industrial Average

rose 199.46 points, or 0.47%, to 40,535.85, the S&P 500

gained 46.00 points, or 0.85%, to 5,454.42 and the Nasdaq

Composite gained 185.94 points, or 1.11%, to 16,876.78.

Among individual movers, Boeing ( BA ) advanced 3.3% after

the planemaker and its biggest union reached a tentative deal

covering more than 32,000 workers, averting a possible strike.

Eli Lilly ( LLY ) climbed more than 1% after the drugmaker

appointed insider Lucas Montarce as its chief financial officer.

Dell Technologies ( DELL ) and Palantir ( PLTR ) rose 5.2%

and 9.9% respectively, while Erie climbed 3.1% 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 1.88-to-1 ratio

on the NYSE and by 1.72-to-1 ratio on the Nasdaq.

The S&P 500 posted four new 52-week highs and one new

low, while the Nasdaq Composite recorded 12 new highs and 59 new

lows.