Stocks Slide as Markets Brace for Key Jobs Report

U.S. stock futures dipped slightly as Wall Street ended its streak of record highs, with investors cautious ahead of the November nonfarm payrolls report. The labor market's expected recovery could influence the Federal Reserve's pace of interest rate cuts. Despite recent record highs, Wall Street saw some profit-taking, particularly in technology stocks, while economically sensitive sectors like energy and financials declined. Markets are still anticipating a 25 basis point rate cut by the Fed in December, though future easing remains uncertain amid potential inflationary policies under President-elect Donald Trump.