Wall Street dipped as November jobs data showed strong hiring but rising unemployment, sparking uncertainty over Fed rate cuts.

Wall Street edged lower as November's jobs report showed strong payroll growth but a slight uptick in unemployment, reflecting mixed signals about the economy's health. Investors reacted cautiously, with the S&P 500 and Nasdaq declining slightly while the Dow dipped. The data fueled uncertainty about future Federal Reserve policy, as stronger hiring could delay rate cuts despite rising jobless claims.