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Roblox ( RBLX ) falls after Hindenburg short on co

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U.S.-listed shares of Chinese cos fall

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Indexes: Dow flat, S&P 500 up 0.38%, Nasdaq up 0.5%

(Updated at 9:35 a.m. ET)

By Lisa Pauline Mattackal and Pranav Kashyap

Oct 8 (Reuters) - Wall Street's main indexes opened

higher on Tuesday, as investors shifted their attention to the

upcoming third-quarter earnings season and inflation data for

hints on the Federal Reserve's future rate decisions.

The Dow Jones Industrial Average rose 11.06 points,

or 0.03%, to 41,965.30, the S&P 500 gained 21.50 points,

or 0.38%, to 5,717.44 and the Nasdaq Composite gained

90.10 points, or 0.50%, to 18,014.00.

All three major indexes had tumbled roughly 1% on Monday,

pressured by surging Treasury yields, escalating Middle East

tensions, and a re-evaluation of U.S. rate expectations.

"We did (a) see strong sell off yesterday so it's not

unnatural to see a slight bounce, particularly as there's a

vacuum of fresh data today," said Fiona Cincotta, senior market

analyst at City Index.

Nine of the 11 S&P 500 sectors were trading in the green,

with energy stocks losing over 2% as oil prices fell

after Monday's rally.

The two-year Treasury yield retreated slightly from Monday's

highs, but the yield on the benchmark 10-year note

remained above 4%, as strong economic data last week prompted

investors to trim their rate cut bets.

Traders have priced in a nearly 86.7% chance of a 25 basis

point interest rate cut from the Fed at its November meeting,

according to CME FedWatch.

"We do see an upside to Treasury yields in the very short

term, it has the potential to pressure equities since they're

trading at such high valuations," said Cameron Dawson, chief

investment officer at NewEdge Wealth.

The CBOE Volatility index, Wall Street's "fear

gauge," retreated from Monday's highs, but was still trading

around one-month high at 22.

Markets will closely monitor consumer price index data, due

this Thursday, for more clues on the path of interest rates.

The Dow Jones Industrial underperformed, pressured by an

over 2.5% drop in shares of Caterpillar ( CAT ).

The materials sector fell 0.9% to an over two-week

low, as metal prices slipped on waning optimism over China's

stimulus measures.

U.S.-listed shares of Chinese companies also slid, tracking

losses in domestic stocks. Shares of Alibaba Group,

JD.com and PDD Holdings ( PDD ) slumped between 6.3% and

7.5%.

Roblox ( RBLX ) dropped 6.6% after Hindenburg Research on

Tuesday disclosed a short position in the gaming platform.

Fed Governor Adriana Kugler said earlier on Tuesday she

supported further interest rate cuts if inflation continues to

ease, as she expects.

A number of other Fed officials are expected to speak later

in the day, including Raphael Bostic, Susan Collins and Philip

Jefferson.

Major banks are scheduled to kickstart the third-quarter

earnings season this Friday. The estimated Q3 earnings growth

rate for the S&P 500 is 5%, according to LSEG estimates.

Advancing issues outnumbered decliners by a 1.03-to-1 ratio

on the NYSE. There were 34 new highs and 12 new lows on the

NYSE. On the Nasdaq, declining issues outnumbered advancers by a

1.04-to-1 ratio.

The S&P 500 posted 13 new 52-week highs and one new low,

while the Nasdaq Composite recorded 21 new highs and 36 new

lows.

(Reporting by Lisa Mattackal and Pranav Kashyap in Bengaluru;

Editing by Shinjini Ganguli)