U.S. President Donald Trump speaks to reporters near Air Force One at the the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania. <\/p>\n
Anna Moneymaker | Getty Images<\/p>\n
The U.S. Bureau of Labor Statistics’ July’s jobs report<\/a> revised previous months’ figures down so dramatically that U.S. President Donald Trump called<\/a> it “RIGGED” and “CONCOCTED.”<\/p>\n Markets, however, seem to have shrugged off their worries for now \u2014 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.<\/p>\n “Today is sort of a bounce-back day,” said<\/a> Sam Stovall, chief investment strategist at CFRA Research. “Stocks tend to pop after a drop, so that’s what’s happening.”<\/p>\n “We have to wait and see what happens tomorrow, because there could be a possibility that investors think, ‘You know what, we really need to take some money off the table to digest some of these gains,'” he added.<\/p>\n Trump’s new tariffs come into force on Aug. 7, so there’s a possibility investors could seize this opportunity, when markets have recovered slightly from Friday’s losses, to take profit first \u2014 and before any further slowdown, as suggested by July’s jobs report, is potentially “rigged” and strikes the U.S. economy.<\/p>\n What you need to know todayAnd finally…<\/p>\n Caution tape hangs near the steps of Federal Hall across from the New York Stock Exchange in New York.<\/p>\n Michael Nagle | Bloomberg | Getty Images<\/p>\n Contentious July jobs report confirms the U.S. economy is slowing sharply. Here’s why<\/a><\/p>\n