CNBC Daily Open: Trump doubles down on criticism of jobs report — but markets bounce back

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

The U.S. Bureau of Labor Statistics’ July’s jobs report revised previous months’ figures down so dramatically that U.S. President Donald Trump called it “RIGGED” and “CONCOCTED.”

Markets, however, seem to have shrugged off their worries for now — U.S. stocks rebounded Monday from the sell-off on Friday after the report was released. The move, however, could be more an instinctive reflex than a reflection of what’s really driving markets.

“Today is sort of a bounce-back day,” said Sam Stovall, chief investment strategist at CFRA Research. “Stocks tend to pop after a drop, so that’s what’s happening.”