Mumbai, June 19 -- The Nasdaq inched up 25.18 points (0.1%) to 19,546.27, the S&P 500 edged down 1.85 points or less than a tenth of a percent to 5,980.87 and the Dow slipped 44.14 points (0.1%) to 42,171.66.

Wall Street closed flat after the Federal Reserve held interest rates steady at 4.25%-4.50%, maintaining focus on job growth and 2% inflation. Despite fluctuations in exports, the Fed noted solid economic activity and still projects two rate cuts by end-2025. Early market gains came amid tensions between Israel and Iran, with Ayatollah Khamenei warning the U.S. of irreparable damage. However, Trump claimed Iran reached out for peace talks and even proposed visiting the White House.

The Labor department released a report showing fir...