Major U.S. indexes closed higher Wednesday after a divided Fed announced an interest rate cut for the third time this year and ruled out a rate hike.

Major U.S. indexes closed higher Wednesday after a divided Fed announced an interest rate cut for the third time this year and ruled out a rate hike.

Oracle reported lower-than-expected revenues in its quarterly earnings report released on Wednesday.

Nvidia was still the single heaviest weight for the S&P 500.