Though the S&P 500 briefly touched a new record, equities were mixed as investors remain split over the Fed's interest rate decision on Wednesday.

One stock that could go parabolic if the Fed cuts rates is Upstart ( UPST 7.32%). Upstart's software is an alternative to FICO scores and is used primarily in personal and auto loans, two areas that haven't seen as much demand since interest rates rose.

Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates