Consumer confidence surges in October, job openings below estimates

In its latest Job Openings and Labor Turnover Survey (JOLTS), the US Bureau of Labor Statistics reported over 7.4 million jobs openings in the month of September. This was below original estimates for 8 million.

The Conference Board also published its consumer confidence reading for October, revealing a figure of 108.7, a month-over-month jump from September's print of 99.2.

Morning Brief anchors Seana Smith and Brad Smith dive into these key economic data prints.

The US Bureau of Labor Statistics will alsp October jobs data this Friday, November 1, a key piece of labor data that could influence the Federal Reserve's interest rate decision at its November policy meeting next week. Read Yahoo Finance's Morning Brief column that captures what recent weather-related data distortions could mean for the upcoming jobs report.

Yardeni Research chief markets strategist Eric Wallerstein told Yahoo Finance that he believes a weak October jobs report won't be a "huge deal" for a Fed that seems "uber-committed to being dovish."

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.