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Indexes up: Dow 0.14%, S&P 500 0.33%, Nasdaq 0.75%

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Robinhood, AppLovin ( APP ) jump on S&P 500 inclusion plans

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EchoStar ( SATS ) jumps on spectrum licenses deal with SpaceX

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Barclays, StanChart revise Fed rate cut projections

(Updates with late morning trading levels)

By Purvi Agarwal and Ragini Mathur

Sept 8 (Reuters) - Wall Street's main indexes gained on

Monday on expectations that the Federal Reserve could lower

borrowing costs soon, while gains in chip major Broadcom ( AVGO ) pushed

the Nasdaq to an intraday record high.

Investors are expecting multiple rate cuts this year after a

troubling nonfarm payrolls report on Friday confirmed a

weakening U.S. job market. The report, which had dragged down

Wall Street in the previous session, has stoked fears of a

potential slowdown in the world's biggest economy.

Besides a 25-basis point rate cut that's priced in for

September, investors are now also betting on a jumbo 50-bps

reduction.

Traders see a 9.5% chance of a 50-basis-point cut, compared

to no such expectation for weeks before the jobs data was

released, as per the CME FedWatch Tool.

Numerous brokerages have revised calls for Fed interest-rate

cuts. Barclays now anticipates three cuts of 25 bps each in 2025

compared with two earlier, while Standard Chartered expects a

50-bps trim in September - up from its earlier projection of a

25-bps reduction.

Meanwhile, chip designer Broadcom ( AVGO ) gained 4%, adding

to its 9.4% rise from Friday. The stock is on track to register

its tenth session of gains in eleven.

The stock boosted the information technology sector

up 1%. Real estate stocks, which had rallied

on Friday, fell 1.2%.

At 11:44 a.m. ET, the Dow Jones Industrial Average

rose 62.75 points, or 0.14%, to 45,463.61, the S&P 500

gained 20.94 points, or 0.33%, to 6,502.44 and the Nasdaq

Composite gained 163.26 points, or 0.75%, to 21,863.65.

This week, investors will keep a close watch on inflation

data and the Bureau of Labor Statistics' benchmark payroll

revision for further clues on the U.S. economic health and to

see if they could strengthen the case for a bigger rate cut.

"The growth scare from the labor market is going to

overwhelm even hot inflation because the Fed right now is

viewing any tariff-induced inflation as a one-time price

increase," said Jeff Schulze, head of economic and market

strategy at Clearbridge Investments.

With the Fed in a "blackout" period that bars public

statements in the run-up to its September 16-17 meeting, markets

will have to interpret economic data without fresh guidance from

policymakers in the meantime.

The S&P and the Nasdaq logged gains last week, in a positive

start to a historically dour September. The benchmark S&P 500

has lost 1.5% on average in the month, its worst month since

2000, data compiled by LSEG shows.

Among other stocks, retail trading platform Robinhood

Markets ( HOOD ) and marketing platform AppLovin ( APP ) gained

14.5% and 11.4%, respectively. The companies are set to join the

S&P 500, effective September 22.

EchoStar ( SATS ) soared 13.2% after the telecommunications

services firm agreed to sell wireless spectrum licenses to

SpaceX for its Starlink satellite network for about $17 billion.

Other telecommunications companies fell, with AT&T ( T ),

Verizon and T-Mobile slipping between 1.8% and

3%.

Advancing issues outnumbered decliners by a 1.31-to-1 ratio

on the NYSE and by a 1.18-to-1 ratio on the Nasdaq.

The S&P 500 posted 14 new 52-week highs and 8 new lows,

while the Nasdaq Composite recorded 114 new highs and 74 new

lows.

(Reporting by Purvi Agarwal and Ragini Mathur in Bengaluru;

Editing by Pooja Desai and Shinjini Ganguli)