Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. December E-mini S&P and Nasdaq futures are also up. Job openings unexpectedly rose to a 5-month high in the Oct JOLTS report, impacting market sentiment ahead of the Fed’s interest rate decision on Wednesday. Bond yields ticked higher post-report.

US Oct JOLTS job openings hit a 5-month high of 7.670 million, exceeding expectations. Sep leading indicators fell as predicted. The week ahead will focus on Q3 employment cost index and the FOMC meeting, with expectations for a -25 bp rate cut. Q3 earnings season has seen 83% of S&P 500 companies exceed forecasts.

Overseas, the Euro Stoxx 50 and China’s Shanghai Composite fell, while Japan’s Nikkei closed higher. US T-notes dropped after the JOLTS report, with yields up. European bond yields are lower, and German trade data showed weaker-than-expected figures. Swaps indicate a 1% chance of an ECB rate cut in December.

Cryptocurrency-related stocks are up, with Bitcoin rising over 1%. Homebuilders like Toll Brothers are down after lower delivery forecasts. Ares Management is up after S&P Dow Jones Indices inclusion. KeyCorp leads S&P 500 gainers, while CVS Health raised earnings guidance. Other movers include Core & Main, Exxon Mobil, Otis Worldwide, and SLM Corp.

Caleres and Graphic Packaging are down after missing EPS forecasts. AutoZone leads S&P 500 losers, while Ollie’s Bargain Outlet reports weaker-than-expected sales. Earnings reports for December 9 include AutoZone, Campbell’s, Casey’s General Stores, Core & Main, and more. Rich Asplund did not have positions in the securities mentioned.

Read more at Nasdaq: Stocks Edge Higher on Positive US Labor Market News