The S&P 500 Index rose for an eighth consecutive day on Wednesday, notching its longest winning streak in two years as the broader market index extended its November climb. The Dow Jones Industrial Average ticked 40 points lower, while the S&P 500 and Nasdaq Composite added 0.1% and 0.08%, respectively.

Here's how the market settled on Wednesday:

S&P 500 Index (SPY  ): +0.10% or +4.40 points to 4,382.78

Dow Jones Industrial Average (DIA  ): -0.12% or -40.33 points to 34,112.27

Nasdaq Composite Index (QQQ  ): +0.08% or +10.56 points to 13,650.41

Much of Wednesday's moves come as market participants look ahead towards upcoming commentary from Federal Reserve Chair Jerome Powell later this week, as well as next week's consumer price index reading -- both will offer more clues on the central bank's next and final monetary decision of 2023.

Also weighing on investors, Goldman Sachs economists Alec Phillips and Tim Krupa said in a note that the possibility of a U.S. government shutdown later this month is increasing. "We still think Congress is likely to avoid a shutdown in November, but with the House seemingly unlikely to vote on an extension until shortly before the deadline, the risks have risen somewhat," the economists said Tuesday.

On the earnings front, Warner Bros. Discovery (WBD  ) shares fell on Wednesday as investors reacted to a wider-than-expected loss per share in its third-quarter. The company also warned that its declining advertising revenue is impacting growth.

"This is a generational disruption we're going through. Going through that with a streaming service that's losing billions of dollars, it's really difficult to go on offense," CEO David Zaslav said during the company's earnings call.

Robinhood (HOOD  ) shares were under pressure on Wednesday after the retail brokerage reported a 13% decline in trading volumes from stock trading in the third-quarter. Moreover, crypto trading was down 55% compared to last year and monthly active users fell by 16% to 10.3 million.

Roblox (RBLX  ) shares popped on Wednesday after the video game platform posted better-than-expected third quarter results. Annually, the company reported a 20% increase in bookings, which is how it measures its revenue, while daily active users also rose 20% year-to-year to 70.2 million.

Occidental Petroleum (OXY  ) reported better-than-expected third-quarter earnings after market close on Tuesday. The energy producer also said it bought back $342 million of Berkshire Hathaway's (BRK.A  ) preferred shares, with the company now redeeming 15% of the initial $10 billion investment made by Warren Buffett's conglomerate.

Rivian Automotive (RIVN  ) shares rose after the electric vehicle maker posted stronger-than-expected results for its third quarter. The company also issued positive full-year production guidance, adding 54,000 units to its previous forecast and announcing companies outside of Amazon (AMZN  ) will be able to purchase it's vans as the exclusivity between the companies ends.

Also making headlines, Take-Two Interactive (TTWO  ) rallied as investors were encouraged by the first confirmations that the next Grand Theft Auto franchise game is set to release in early December. The title for the next game has yet to be announced but it being referred to by fans as GTA VI, or GTA 6.

For Thursday, investors will react to earnings reports from companies including Disney (DIS  ) and ARM Holdings (ARM  ), as well as remarks from Powell at the International Monetary Fund.