Mumbai, Sept. 9 -- The Nasdaq climbed 98.31 points or 0.5 percent to 21,978.70, the Dow increased 114.09 points or 0.3 percent to 45,514.95 and the S&P 500 rose 13.65 points or 0.2 percent to 6,495.15.

Wall Street gained on optimism that softer U.S. employment data will prompt the Federal Reserve to cut interest rates later this month. Investors are betting weaker job growth strengthens the case for policy easing. CME Group's FedWatch Tool indicates 88.2 percent chance the Fed will lower rates by a quarter point and a slim 11.8 percent chance of a half-point rate cut.

The Labor Department is scheduled to release reports on producer price inflation and consumer price inflation on Wednesday and Thursday. The annual rate of growth by consu...