10/11/2025
Stock markets tanked on Friday, and interest rates dropped – Stock markets had their worst day since President Trump announced his tariff plan in April, after he announced an additional 100% tariff on all imports from China. This was in response to China’s announcement that it would limit the exports of raw materials. The Dow, which has seen a great rise in recent weeks and was near its all-time high, dropped 879 points, a 1.9% one-day loss. The S&P fell 2.7% and the tech-heavy Nasdaq fell 3.6% on Friday. It was a dreadful day for investors, but it’s completely possible that another deal will be worked out with China by Trump’s November 1st deadline, and the additional 100% tariffs will never take place. On the positive side, when investors sell stocks, they often flock to the safety of U.S. Treasury bonds. They did, and bond yields hit their lowest levels of the year. This drove down mortgage rates on Friday to their lowest levels since last September as well.
Stock markets tanked on Friday, and interest rates dropped – Stock markets had their worst day since President Trump announced his tariff plan in April, after he announced an additional 100% tariff on all imports from China. This was in response to China’s announcement that it would limit the ex...