US equity indexes ended higher on Monday as the Nasdaq Composite hit new all-time highs amid rising expectations of a Fed rate cut and declining government bond yields.

* The likelihood of a 25-basis-point interest rate cut at the Sept. 17 meeting is 88.2%, while the chance of a larger 50-basis-point reduction rose to 11.8%, according to the CME FedWatch tool.

* Treasury yields fell, with the 10-year dropping 3.5 basis points to 4.05%, its lowest since early April, while the two-year declined 2.3 basis points to 3.49%, the lowest level since Sept. 2022.

* October West Texas Intermediate crude oil rose $0.49 to settle at $62.36 per barrel, while November Brent crude, the global benchmark, was last seen down $0.61 to $66.11.

* AppLovin (APP) will be added to the S&P 500 index on Sept. 22, S&P Dow Jones said, sending its shares up nearly 12%.

* T-Mobile US (TMUS) shares were down about 3.9% and Verizon (VZ) stock dropped over 2.4% after EchoStar (SATS) agreed to sell its wireless spectrum licenses to SpaceX in a stock-and-cash transaction valued at roughly $17 billion.