Market Update: Deere Faces Tariff Challenges, Mortgage Rates Decline, and Li Auto Downgraded

August 14, 2025 - 22:03

In today's market highlights, Deere's stock is experiencing a downturn following the company's announcement of a significant $600 million tariff impact anticipated for 2025. This forecast has raised concerns among investors, leading to a cautious approach toward the agricultural machinery giant's stock.

On a more positive note, mortgage rates have dropped to their lowest point of 2025 thus far, according to the latest data from Freddie Mac. This decline in mortgage rates could potentially stimulate the housing market, making home buying more accessible for consumers amid fluctuating economic conditions.

Additionally, Li Auto has faced a setback as JPMorgan has downgraded the company from Overweight to Neutral. This decision was accompanied by a substantial reduction in the price target for Li Auto, which has been lowered from $28 to just $5. These developments reflect the ongoing volatility in the automotive sector and the challenges faced by electric vehicle manufacturers.