Dow, S&P 500, Nasdaq rise as Fed meeting kicks off, JOLTS data shows openings rose

US stocks turned into the green Tuesday morning as the Federal Reserve's December policy meeting kicked off and federal data showed job openings unexpectedly ticked higher even as layoffs jumped.

The blue chip-heavy Dow Jones Industrial Average traded up by around 0.3%, while the benchmark S&P 500 gained around 0.2%. The tech-heavy Nasdaq Composite, which initially led stocks down, turned around to gain of around 0.2% as the market emerged from a tight drop on Monday.

US stocks found positive momentum through the morning on Tuesday after long-delayed data from the Bureau of Labor Statistics showed job openings ticked up in October, in a move that ran contrary to forecasts. But labor market worries persist — even in the JOLTS report, which also found layoffs increased in the month.

The spotlight is on the Fed's two-day meeting and its final policy decision of the year, due Wednesday. Markets are all but convinced of getting a quarter-point rate cut to match similar moves in September and October, with 89.6% odds currently priced in.