Shares of software company Figma soared in their stock-market debut Thursday, rising 250% in one of the splashiest initial public offerings in years.The stock opened at $85 a share, more than twice its IPO price and the best first-day showing in recent memory for a major offering.

Figma, the design software company led by CEO and cofounder Dylan Field, saw its stock price more than triple in a stunning debut on the New York Stock Exchange on Thursday. Shares of Figma were trading as high as $107 within minutes after it began trading under the ticker FIG.

Investors focused on the Fed's decision to leave interest rates unchanged and Chair Jerome Powell's news conference on Wednesday. Earnings from Meta and Microsoft were due after the closing bell.

U.S. stock indexes are drifting on Wednesday after the Federal Reserve decided to keep interest rates where they are.

Federal Reserve Chair Jerome Powell is scheduled to hold a news conference at 2:30 p.m.

Good morning. Stock markets may get a boost from Microsoft and Meta earnings. British retailers warn food inflation will further rise. And ICYMI, take a look at Tesla’s new venture: an American diner.

The Magnificent Seven are starting to enter the earnings confessional Stock futures are surging following strong revenue out of Meta Platforms (META) and Microsoft (MSFT). Also in focus are trade negotiations between the U.