{"id":55964,"date":"2025-11-13T17:38:38","date_gmt":"2025-11-13T21:38:38","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/markets-tumble-bitcoin-enters-bear-market-as-u-s-forges-new-trade-pacts-and-applied-materials-exceeds-forecasts\/55964\/"},"modified":"2025-11-13T17:38:38","modified_gmt":"2025-11-13T21:38:38","slug":"markets-tumble-bitcoin-enters-bear-market-as-u-s-forges-new-trade-pacts-and-applied-materials-exceeds-forecasts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-tumble-bitcoin-enters-bear-market-as-u-s-forges-new-trade-pacts-and-applied-materials-exceeds-forecasts\/55964\/","title":{"rendered":"Markets Tumble, Bitcoin Enters Bear Market as U.S. Forges New Trade Pacts and Applied Materials Exceeds Forecasts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>U.S. stock indices, including the <strong>Dow, <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a>, and Russell 2000<\/strong>, recorded their <em>largest daily drop since October 10th<\/em>, signaling a broad market pullback.<\/li>\n<li><strong>Bitcoin<\/strong> has officially entered a confirmed bear market, plummeting to <strong>$97,956<\/strong> and erasing over <strong>$450 billion<\/strong> in value since early October, with weak ETF flows and long-term holders selling.<\/li>\n<li><strong>Applied Materials (<a href=\"\/stock\/AMAT\">AMAT<\/a>)<\/strong> reported strong Q4 results, surpassing analyst expectations with <strong>net sales of $6.80 billion<\/strong> and <strong>adjusted EPS of $2.17<\/strong>.<\/li>\n<li>The White House announced new trade frameworks with <strong>Guatemala, Ecuador, and Argentina<\/strong>, aiming to remove import barriers and tariffs on key U.S. export sectors, particularly agricultural products.<\/li>\n<li>Money-market fund assets continued their ascent, rising by <strong>$1.82 billion<\/strong> to a total of <strong>$7.54 trillion<\/strong> for the week ending November 12th.<\/li>\n<\/ul>\n<p>U.S. equity markets experienced a significant downturn, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong>, <strong>S&amp;P 500<\/strong>, and <strong>Russell 2000<\/strong> all logging their steepest daily drops since October 10th. This broad market pullback saw losses concentrated in mega-cap technology and artificial intelligence-related stocks, contributing to the Nasdaq&#39;s third consecutive losing session. <em>Rate-cut expectations have also shifted<\/em>, with market pricing now assigning just over a 51% probability of a quarter-point Federal Reserve rate cut in December, down from nearly 63% a day earlier.<\/p>\n<p>The cryptocurrency market faced a sharp selloff, with <strong>Bitcoin<\/strong> dropping to <strong>$97,956<\/strong>. This extends a selloff that has <em>erased over $450 billion in value<\/em> since early October. 10X Research indicates that crypto has entered a confirmed bear market, characterized by weak ETF flows, selling by long-term holders, and fading momentum. The next key support level for Bitcoin is identified at <strong>$93,000<\/strong>.<\/p>\n<p>In corporate news, <strong>Applied Materials (<a href=\"\/stock\/AMAT\">AMAT<\/a>)<\/strong> delivered robust fourth-quarter results, exceeding Wall Street estimates. The semiconductor equipment giant reported <strong>net sales of $6.80 billion<\/strong>, surpassing the estimated $6.67 billion. Adjusted earnings per share (EPS) also beat forecasts, coming in at <strong>$2.17<\/strong> against an estimated $2.11. The company&#39;s Semiconductor Systems sales reached <strong>$4.76 billion<\/strong>, slightly above the $4.74 billion estimate, and it projects Q1 sales to be between <strong>$6.35 billion and $7.35 billion<\/strong>.<\/p>\n<p>On the international trade front, the White House announced new trade frameworks and agreements aimed at boosting U.S. exports. The U.S. and <strong>Guatemala<\/strong> have agreed on a new trade framework designed to remove barriers for U.S. agricultural products, facilitate digital trade, and address state-owned enterprise distortions. Similarly, <strong>Ecuador<\/strong> is set to cut or eliminate tariffs on key U.S. export sectors, including machinery, health products, ICT, chemicals, motor vehicles, and selected agricultural products. <strong>Argentina<\/strong> will also grant preferential market access to a wide range of U.S. goods, scrap many import barriers, and ease digital trade rules.<\/p>\n<p>Meanwhile, money-market fund assets saw an increase of <strong>$1.82 billion<\/strong>, reaching a total of <strong>$7.54 trillion<\/strong> for the week ending November 12th, according to the Investment Company Institute (ICI). In central banking news, the <strong>Bank of Canada<\/strong> announced it would resume buying government T-bills starting December 16th.<\/p>\n<p>In defense and energy policy, the U.S. State Department approved a <strong>$100 million sale of a countrywide repeater system to Iraq<\/strong>, as confirmed by the Pentagon. U.S. officials have also raised concerns regarding <strong>Saudi Arabia&#39;s<\/strong> bid for <strong>F-35<\/strong> jets, as reported by The New York Times. The U.S. military is set to <em>intensify exercises<\/em> in <strong>Trinidad and Tobago<\/strong>, according to the Financial Times. Domestically, the U.S. rescinded a 2024 rule concerning the <strong>Alaska National Petroleum Reserve<\/strong>, a move that could impact future energy development in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. stock indices, including the Dow, S&amp;P 500, and Russell 2000, recorded their largest daily drop since October 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