U.S. stock futures rose on Wednesday evening as traders digested the Federal Reserve’s earlier decision to cut interest rates by half a percentage point.

Dow Jones Industrial Average futures rose by 85 points or 0.2 percent. Futures linked to the S&P 500 And Nasdaq 100 Futures rose 0.3% and 0.4%, respectively.

The US Federal Reserve cut its overnight interest rate from 5.25 to 5.5 percent to 4.75 to 5 percent on Wednesday, surprising some investors who had criticized the magnitude of this initial cut. It is the Fed’s first rate cut in four years.

After an up and down afternoon, the shares finally ended the session on Wednesday in the red. Both the S&P500 and 30-floor Dow Immediately after the Fed announced its decision to cut interest rates, interest rates initially recovered to new record highs.

Tom Porcelli, chief U.S. economist at PGIM Fixed Income, attributed Wednesday’s decline in markets to Powell’s emphasis that an initial 50 basis point rate cut does not set a precedent for further sharp rate cuts.

“The market thought that if you hit 50, another 50 increase is very likely. But I think it has killed that idea to some extent. It’s not that it believes it won’t happen, it’s that it’s not committing to it in advance. That’s the right decision,” Porcelli said.

Restaurants DardenShipping giant FedEx and house builders Lennar will report their results on Thursday. Traders will also be watching existing home sales for August and the latest weekly unemployment figures.