The Federal Reserve's recent decision to cut interest rates by 50 basis points has led to a surge in semiconductor stocks, with Nvidia rising 4.7%, AMD gaining 3.5%, and Broadcom increasing by 3.8%. This contributed to the Philadelphia SE Semiconductor Index climbing 3.6% while the S&P 500 hit another intraday record high. Major tech stocks like Microsoft, Tesla, and Apple also experienced gains, reflecting investor optimism following the Fed's easing cycle. Additionally, solar stocks rose, with Array Technologies and SolarEdge Technologies leading the charge, benefiting from anticipated cheaper financing. However, Darden Restaurants reported disappointing earnings, indicating struggles within its flagship brand, Olive Garden. Overall, the market is witnessing significant movements as investors adjust to the new interest rate environment.