U.S. stocks rose after the Federal Reserve lowered its benchmark interest rates by 50 basis points to a range of 4.75% to 5%. That was the first rate cut in over four years that marked the beginning of a monetary-easing cycle in the world's largest economy.

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.

TOKYO -- Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish. Investors were watching for any market impact from the debate between the U.S. presidential candidates, Vice President Kamala Harris and former President Donald Trump.