S&P 500 Hits Record High After Fed's Jumbo Rate Cut

$S&P 500 Index (.SPX.US)$ surged 1.7% on Thursday, reaching an all-time high after the Federal Reserve cut interest rates by 50 basis points.
$Darden Restaurants (DRI.US)$ shares rose 8.3% on improving sales and a new delivery partnership with Uber Eats.
$Deckers Outdoor (DECK.US)$ dropped 3.3% following its stock split.

Major U.S. indexes surged after the Fed's aggressive rate cut. The S&P 500 climbed 1.7%, while $Dow Jones Industrial Average (.DJI.US)$ added 1.3%, and $Nasdaq Composite Index (.IXIC.US)$ jumped 2.5%, driven by tech stock gains.

Darden Restaurants led the S&P 500, up 8.3%, thanks to improved sales and a pilot partnership with Uber.
$Tesla (TSLA.US)$ shares rose 7.4%, benefiting from the rate cut and $General Motors (GM.US)$ 's announcement of an adapter for Tesla's Supercharger network.
$Quanta Services (PWR.US)$ gained 6.5% after an "outperform" rating from Wolfe Research, citing its strong position in the energy sector.
Deckers Outdoor dropped 3.3% after volatility from its stock split.

Some notable declines included $Ventas Inc (VTR.US)$ and $Arthur J. Gallagher (AJG.US)$, both down 3.1%.