(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Indexes: Dow up 0.09%, S&P 500 down 0.04%, Nasdaq down

0.06%

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Nebius ( NBIS ) jumps after $17.4 billion deal with Microsoft ( MSFT )

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UnitedHealth ( UNH ) sees in-line top-rated Medicare plan

memberships

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Albemarle slides on lithium supply easing concerns

(Updates with afternoon trading levels)

By Purvi Agarwal and Ragini Mathur

Sept 9 (Reuters) -

Wall Street's main indexes were largely subdued on Tuesday

after closing near record highs in the previous session, while a

downwards payrolls revision kept intact bets of interest rate

cuts from the Federal Reserve.

The U.S. economy likely created 911,000 fewer jobs in

the 12 months through March than

previously estimated

, the government said, suggesting that job growth was

already stalling before President Donald Trump's aggressive

tariffs on imports.

Bets on a 25 basis point cut, that was already priced

in, were intact while ones on a jumbo 50 bps reduction remained

at about 8.2%, as per CME's FedWatch tool.

Labor market indicators recently have already cast

concerns across the minds of investors and Fed officials alike,

with nonfarm payroll data for July and August confirming

weakening labor market conditions.

"Investors are hoping that each one of these individual

data points will add up to a consistent picture that will be

able to support the Fed cutting rates," said Peter Andersen,

founder of Andersen Capital Management.

"The market is getting set up to have a tremendous

disappointment if the Fed doesn't take action."

At 12:02 p.m. ET, the Dow Jones Industrial Average

rose 41.99 points, or 0.09%, to 45,556.94, the S&P 500

lost 2.52 points, or 0.04%, to 6,492.63 and the Nasdaq Composite

fell 12.99 points, or 0.06%, to 21,785.71.

Israel's attack on

Hamas leaders

in Qatar's capital city, Doha, pushed oil prices higher,

lifting the energy sector 1.1%.

UnitedHealth ( UNH ) gained 6.7% after the health insurer

said it expects enrollment in top-rated Medicare insurance plans

to be in line with its expectations, keeping the Dow afloat.

On the flip side, the Philadelphia Housing Index fell

3.1% after four sessions of gains.

Markets will be parsing through a producer inflation

reading on Wednesday and a consumer prices reading on Thursday

to gauge the impact of Trump's tariff policies, and whether a

case could be made for a bigger rate cut.

The three main indexes finished Monday's session on a

higher note, with the tech-heavy Nasdaq closing at a record,

lifted by a rally in chip major Broadcom ( AVGO ).

Wall Street has had a broadly positive start to September, a

month deemed historically bad for U.S. equities, with the

benchmark index losing 1.5% on average since 2000, data compiled

by LSEG showed.

In other stocks, Nebius ( NBIS ) soared about 43.6% after

the AI infrastructure firm signed a $17.4 billion deal with

Microsoft ( MSFT ). Rival CoreWeave ( CRWV ) also rose 4.2%.

Class B shares of Fox Corp and News Corp

dipped 6% and 3.4% respectively. Rupert Murdoch and his children

reached an agreement that will give the eldest son Lachlan

Murdoch control over the media empire.

Albemarle plunged 11.3%, the biggest decliner on the

S&P 500, on easing supply concerns after Chinese battery giant

CATL expects to resume production at a lithium mine.

Quarterly results from cloud service provider Oracle

after the market's close will be parsed for additional

insights into AI demand across the technology sector.

The S&P 500 posted 15 new 52-week highs and no new lows,

while the Nasdaq Composite recorded 75 new highs and 55 new

lows.

Declining issues outnumbered advancers by a 1.78-to-1

ratio on the NYSE and by a 1.59-to-1 ratio on the Nasdaq.