All three of the major indexes (^DJI,^GSPC, ^IXIC) opened higher on Wednesday. Investors are hoping signs of cooling in the job market may give the Federal Reserve reason to cut rates sooner rather than later.

Yahoo Finance's Brad Smith and Madison Mills break down the action at the market open.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.