Stocks on the Nasdaq Composite and S&P 500 hit fresh highs, with gold and silver rising alongside Treasuries. Bitcoin is trading above $120,000. Traders are betting that the Fed may cut rates by 50 basis points in September amidst pressure from the Trump Administration. Treasury Secretary suggests rates should be 150-175 bps lower.

Alphabet Inc. was ruled to have illegally monopolized the search market. Perplexity offers $34.5 billion for Google Chrome, sparking potential changes. Spirit Aviation Holdings Inc. filed for bankruptcy, restructured, but faces revenue disappointments. Shares plummet more than 40%, causing concerns about its future.

Frontier Group Holdings Inc. surges over 29% as other airline stocks rally on the expectation of Spirit Aviation’s potential demise. Gold is surging amidst a tech boom. Judge poised to rule on remedies for Alphabet Inc.’s monopolization of the search market. Google Chrome business may see changes amid offers and potential appeals.

Read more at Yahoo Finance: Market Minute 8-13-25- Stocks at Highs Amid Full-Court Fed Press