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US STOCKS SNAPSHOT-U.S. stocks dip after jobs report tempers rate cut expectations

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July 5 (Reuters) - U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes following an unexpectedly strong U.S. payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting.

The Dow Jones Industrial Average fell 42.59 points, or 0.16%, to 26,923.41, the S&P 500 lost 5.38 points, or 0.18%, to 2,990.44 and the Nasdaq Composite dropped 8.44 points, or 0.1%, to 8,161.79. (Reporting by Chuck Mikolajczak; editing by Jonathan Oatis)