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.

Investors on Thursday poured into cyclical stocks that are considered more sensitive to the economy, a day after the Fed cut rates for the third time this year.

AI-related names have made losses since Oracle's mixed results on Wednesday.