Stocks surged to open Thursday trading in the wake of the Federal Reserve’s announcement that it was lowering interest rates by half a percentage point.

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.

The Federal Reserve is widely expected to cut interest rates for the first time in four years but its unclear whether policymakers will lower borrowing costs by 50 basis points or just 25. FOX Business is providing real-time updates on the markets,