Mumbai, June 20 -- The Nasdaq inched up 25.18 points or 0.1% to 19,546.27, the S&P 500 edged down 1.85 points or less than a tenth of a% to 5,980.87 and the Dow slipped 44.14 points or 0.1% to 42,171.66.
Wall Street ended lackluster after the Fed held interest rates steady at 4.25-4.50%, aiming to support employment and 2% inflation. Despite economic fluctuations, the Fed still projects two rate cuts by end-2025, lowering rates to 3.75-4.0%. Early market gains came amid concerns over escalating tensions between Israel and Iran. Meanwhile, Trump claimed Iran seeks negotiations, even suggesting talks at the White House.
Labor department released a report showing first-time claims for U.S. unemployment benefits edged modestly lower in the ...
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