CNBC Daily Open: Markets appear to have gotten over the July jobs report — unlike Trump

The U.S. Bureau of Labor Statistics' July's jobs report revised erstwhile months' figures down truthful dramatically that U.S. President Donald Trump connected Monday called it "RIGGED" and "CONCOCTED."

Markets, however, look to person shrugged disconnected their worries for present — U.S. stocks rebounded Monday from the sell-off connected Friday aft the study was released. But the determination could beryllium much of an instinctive reflex than a reflection of what's truly driving markets.

"Today is benignant of a bounce-back day," said Sam Stovall, main concern strategist astatine CFRA Research. "Stocks thin to popular aft a drop, truthful that's what's happening."

"We person to hold and spot what happens tomorrow, due to the fact that determination could beryllium a anticipation that investors think, 'You cognize what, we truly request to instrumentality immoderate wealth disconnected the array to digest immoderate of these gains,'" helium added.

Trump's caller tariffs travel into unit connected Aug. 7, truthful there's a anticipation investors could prehend this opportunity, erstwhile markets person recovered somewhat from Friday's losses, to instrumentality nett archetypal — and earlier any further slowdown, arsenic suggested by July's jobs report, is perchance "rigged" and strikes the U.S. economy.

Trump volition 'substantially' rise tariffs connected India. The South Asian country's oil purchases from Russia is the origin down Trump's threat. In response, India said it was being "targeted" by the U.S. and EU, and criticized them arsenic "indulging successful commercialized with Russia."

The EU volition suspend its planned U.S. tariffs for six months. The countermeasures, which would person taken effect connected Aug. 7, were delayed to let the bloc to "further negotiate" with the U.S. and "finalise a Joint Statement" connected their trade deal.

U.S. stocks rebound from Friday's losses. Major U.S. indexes roseate Monday, with the S&P 500 snapping a four-day losing streak. Asia-Pacific markets traded higher Tuesday, though India's Nifty 50 fell arsenic it began trading for the day.

Palantir's quarterly gross exceeds $1 billion. Wall Street had expected the bundle supplier to deed that milestone lone successful the 4th fourth of the year. But a 48% year-over-year leap successful second-quarter revenue helped Palantir bushed forecasts.

[PRO] The 'Magnificent Seven' are powering net growth. Year connected year, Mag 7 net person accrued by 26%. The different S&P 500 companies posted a combined 4% maturation — a disparity that could beryllium problematic for investors, according to an analyst.

How an obscure SEC connection could boost listings connected European banal exchanges

The Securities and Exchange Commission is successful the aboriginal stages of a connection to tighten the rules for overseas companies that commercialized connected U.S. exchanges. It's a determination that could inadvertently punctual dozens of stocks to question a secondary listing successful London oregon different large fiscal center.

The program targets the explanation of a "Foreign Private Issuer." One of the cardinal changes being floated would necessitate FPIs to person an progressive listing connected a "major" non-U.S. speech to suffice for exemptions from immoderate regulatory requirements.

— Ganesh Rao