U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September

The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of the U.S. central bank's annual stress tests.

Wall Street drifted higher as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest earnings reports

Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies.

Stocks on Wall Street edged higher Wednesday as the focus swings back toward how much profit businesses are making.