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Futures up: Dow 0.16%, S&P 500 0.19%, Nasdaq 0.31%

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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;

other

telecom stocks fall

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Barclays, StanChart revise Fed rate cut projections

(Updates before markets open)

By Purvi Agarwal and Ragini Mathur

Sept 8 (Reuters) - Wall Street's main indexes were set

for a higher open on Monday, rebounding from the previous

session's decline, amid hopes that the Federal Reserve could

lower borrowing costs soon in response to the latest jobs data.

A troubling nonfarm payrolls report on Friday confirmed a

weakening U.S. job market, stoking fears of a potential slowdown

in the world's biggest economy that pushed Wall Street's main

indexes lower on Friday.

But following the report, traders have solidified their

expectations for a 25-basis-point cut. The bets now stand at

88%, according to CME Group's FedWatch tool.

A jumbo 50-bps cut is also on the cards now, compared to no

such expectation before the jobs data was released.

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.

"Markets are trying to understand if the (September) rate

cut is going to be enough to stave off further weakening of the

economy and that's why you see a market that is just neutral,"

said Robert Pavlik, senior portfolio manager at Dakota Wealth.

At 08:47 a.m. ET, Dow E-minis were up 73 points, or

0.16%, Nasdaq 100 E-minis were up 73.75 points, or 0.31%

and S&P 500 E-minis were up 12.5 points, or 0.19%.

Inflation data will be on investors' radar this week to

gauge the impact of U.S. President Donald Trump's tariff

policies on the country's economy, and whether it could

strengthen the case for a bigger rate cut.

Additional economic insights will come from the preliminary

consumer sentiment survey from the University of Michigan, and

the Bureau of Labor Statistics' revised payrolls benchmark, both

scheduled for release this week.

With the Fed now entering 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 hit record highs on Friday, logging

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 stocks, retail trading platform Robinhood Markets ( HOOD )

and marketing platform AppLovin ( APP ) gained 8% and

9.6%, respectively, in premarket trading. The companies are set

to join the S&P 500, effective September 22, after being snubbed

during the last rebalancing.

Hecla Mining ( HL ) climbed 4.4% on news of its forthcoming

addition to the small-cap S&P 600 index.

EchoStar ( SATS ) soared 22.7% after the telecommunications

services firm agreed to sell wireless spectrum licenses to

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

It appeared to pressure other telecommunications giants,

with AT&T ( T ), Verizon and T-Mobile slipping

between 4% and 5.3% in premarket trading.

(Reporting by Purvi Agarwal and Ragini Mathur in Bengaluru;

Editing by Pooja Desai and Shinjini Ganguli)