On Thursday, the S&P 500 surged to intra-day record highs, a day after the Federal Reserve announced a significant interest rate cut of 50 basis points. This move exceeded expectations and set the tone for future rate cuts, sending waves of optimism across the stock market. Investors reacted positively, particularly to the signals that the central bank might continue lowering rates to bolster economic growth. This backdrop spurred heavyweight stocks like Tesla, Apple, and Meta Platforms, all of which posted impressive gains.

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