Mumbai, Jan. 29 -- The S&P 500 edged down 0.57 points or less than a tenth of a% to 6,978.03, the Dow crept up 12.19 points or less than a tenth of a% to 49,015.60 and the Nasdaq rose 40.35 points 0.2% to 23,857.45.

Wall Street saw another session of choppy trading after the Federal Reserve decided to keep interest rates unchanged at 3.50-3.75%, following three consecutive quarter-point cuts. The decision, made amid heightened economic uncertainty was not unanimous as Governors Stephen Miran and Christopher Waller favored a further 25 basis-point reduction.

The Fed reiterated its focus on balancing maximum employment with bringing inflation back to 2%. Analysts noted a clear majority supporting a pause in rate cuts until clearer signs o...