Major stock market indexes in the United States continued to collect gains on Tuesday shortly after the opening, with the Dow Jones Industrial Average soaring by 800 points. The developments in the market reflected investors’ expectations regarding several important economic reports that are to be released throughout the week, including the ones on initial jobless claims and job cuts. The Dow surged by 2.56% or 761 points at 10:02 am ET. At the same time, the Nasdaq 100 went up by 3.15% or 353 points. A minute later, the S&P 500 gained 2.83% or 104 points. The euro grew by 1.27% against the dollar to sell for $0.99478 at 10:03 am ET.
US job openings down to 10.1 million in August
Job openings in the United States fell in August when compared to the previous month to stand at 10.1 million, down by 1.1 million, the country’s Bureau of Labor Statistics shared in a report on Tuesday. The job openings rate declined on a monthly basis to 6.2%. The Job Openings and Labor Turnover Survey (JOLTS) revealed that the number of hires, as well as the rate of hires, was almost unchanged at 6.3 million and 4.1%, respectively. The number and rate of total separations were little changed in August, at 6.0 million and 3.9%, respectively. Overall separations increased in accommodation and food services by 175,000. The quits rate was unchanged at 2.7%, alongside the layoffs and discharges rate, which were little changed at 1.0%.