US stocks surge after jobs data takes pressure off of interest rates

• US stocks surged on Tuesday after new jobs data took some pressure off of interest rates.
• The Job Openings and Labor Turnover survey showed 8.827 million job openings in July, the third month of declines.
• Fewer job openings is a signal the Fed is looking for in its bid to cool the economy and tame inflation.

US stocks surged on Tuesday with the Nasdaq 100 and S&P 500 logging their best performing day of what has been a weak August.