Stock market today: Asian markets wobble after Fed sticks with current interest rates

Asian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates. U.S. futures surged and oil prices were higher. The Japanese yen surged in early Asia hours, but then fell and erased the previous gains. Markets in Australia and Hong Kong rose, while Japan's index was little changed. The S&P 500 fell 0.3% Wednesday after seeing a big afternoon rally evaporate. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite lost 0.3%. The Fed’s chair said inflation is taking longer than expected to get under control, but rate hikes are not soon likely.