Alphabet(US:GOOGL) 3 6 Ke·2025-08-13 03:31Market Overview - On Tuesday, all three major U.S. stock indices closed higher, with the S&P 500 and Nasdaq reaching all-time highs. The Dow Jones increased by 1.10%, Nasdaq by 1.39%, and the S&P by 1.14%, touching a peak of 6,446.55 points during the session [1]. Economic Indicators - The primary driver of the market rally was the July Consumer Price Index (CPI) growth being lower than expected, leading investors to increase bets on a potential interest rate cut by the Federal Reserve in September. The CPI rose by 2.7% year-over-year, still above the Fed's 2% target but lower than the peaks seen in 2022, indicating a reduction in inflationary pressures [3]. Federal Reserve Commentary - San Francisco Fed President Mary Daly expressed support for the view that the Fed could cut rates twice by 2025, considering the slowing economic growth [3]. Corporate Developments - Perplexity AI, an American AI startup, announced plans to acquire Google's Chrome browser business for $34.5 billion, a bid significantly higher than its current valuation of $18 billion, which has increased from $14 billion a few months ago [6][8]. - The acquisition proposal comes amid ongoing antitrust litigation against Google, with the U.S. Department of Justice ruling that Google holds an illegal monopoly in the internet search market and may need to divest Chrome to foster competition [10]. Strategic Moves - Perplexity's acquisition attempt reflects its ambition in the AI and browser markets, potentially allowing it to gain market share and strengthen its position in AI technology applications [11]. - The ARK fund, led by Cathie Wood, made significant purchases of Block (XYZ) shares, totaling approximately $19.2 million, indicating a strategy of buying on dips in a volatile market [12][14].