Wall Street inches up to extend its winning streak to 8 days

>> U.S. stocks were largely stuck in place Wednesday as Wall Street continues to recalibrate following its sharp recent swings.

The S&P 500 edged up by 4.40 points, or 0.1%, to 4,382.78 for a third straight day of quiet, mixed trading. Its movements have become much calmer after the index screamed to its best week of the year last week, which itself came after months of painful losses.

Though the gain was slight, it was enough to extend the index's winning streak to eight days. That ties its longest such winning streak since a nineday run 19 years ago.

The Dow Jones Industrial

Average slipped 40.33 points, or 0.1%, to 34,112.27, and the Nasdaq composite rose 10.56, or 0.1%, to 13,650.41.

Eli Lilly was one of the strongest forces pushing upward on the market. It rose 3.2% after U.S. regulators said its popular diabetes treatment, Mounjaro, can be sold as a weight-loss drug and tap into a market with massive potential.

American Airlines, Delta Air Lines and United Airlines were also toward the front of the market, and each rose more than 2% as oil prices continued to drop and ease the pressure on fuel costs.

Warner Brothers Discovery tumbled 19% after reporting a worse loss for the latest quarter than analysts expected. It also lost more streaming subscribers than forecast.

The reporting season for summertime profits is winding down, and the majority of companies has been topping Wall Street's forecasts. That's usually the case, and it's offered some support for the stock market. But the big driver for stock price movements since the summer has been what yields are doing in the bond market.