Mumbai, June 26 -- Nasdaq rose 61.02 points (0.3%) to a new four-month closing high of 19,973.55, the S&P 500 edge down 0.02 points or less than a tenth of a percent to 6,092.16 and the Dow slipped 106.59 points (0.3%) to 42,982.43.

Wall Street opened higher on recent momentum but lost steam as traders eyed Middle East tensions. A ceasefire between Israel and Iran eased some concerns. Profit-taking followed after markets hit four-month highs.

Commerce Department showed a substantial pullback by new home sales in the U.S. in the month of May. It said new home sales plunged by 13.7% to an annual rate of 623,000 in Mayafter spiking by 9.6% to a revised rate of 722,000 in April.

Commercial real estate stocks significantly moved downwards, ...