The Nasdaq Composite (NASDAQINDEX: ^IXIC) entered market correction territory on March 6, meaning it closed more than 10% below its recent bull-market high. The index has continued to fall since then and currently trades 12% below the record high it reached in December.

Asian shares were mostly higher Thursday following an advance on Wall Street after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are. Markets were closed in Japan for a holiday.

U.S. stock indexes are rising as Wall Street waits to hear what the Federal Reserve will say about where interest rates may be heading.