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. The index saw its best week of the year last week, after months of losses.

Wednesday’s slight gain was enough to extend the index’s winning streak to eight days. That ties its longest such winning streak since a nine-day 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 rose 3.2% after U.S. regulators said its popular diabetes treatment, Mounjaro, can be sold as a weight-loss drug.

American Airlines, Delta Air Lines and United Airlines 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.

In the bond market, the 10-year Treasury yield fell to 4.51% from 4.57% late Tuesday.

A swift rise in the 10-year yield that began in the summer earlier knocked the S&P 500 down by more than 10% from its peak for the year. The 10-year yield briefly topped 5% to reach its highest level since 2007, after the Federal Reserve raised its main interest rate above 5.25% — its highest level since 2001 — in hopes of slowing the economy to bring inflation back down to its 2% goal.

Last week, Fed Chair Jerome Powell said jumps in Treasury yields could substitute for further rate hikes if they remain persistent. That triggered a sharp easing in Treasury yields, which helped stocks to rally.

The price for a barrel of U.S. crude oil is back to where it was in July, and it dropped another $2.04 to settle at $75.33. Brent crude, the international standard, fell $2.07 to $79.54.

Stock indexes fell 0.2% in Shanghai and 0.6% in Hong Kong, joining modest losses across much of Asia. Stocks were higher in Europe.

Elsewhere on Wall Street, Axon Enterprise rose 6.1% after the maker of Tasers, body cameras and other equipment reported stronger profit for the latest quarter than analysts forecast.

Ralph Lauren rose 3.2% after reporting stronger profit for the latest quarter than analysts forecast.

eBay sank 2% after its forecast for revenue for the last three months of 2023 fell short of analysts’ expectations.

Rivian Automotive swung to a loss of 2.4% after the electric vehicle company raised its forecast for how many vehicles it will produce this year and reported weaker profit than expected for the latest quarter.