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* Warner Bros Discovery falls on disappointing outlook

* Lucid Group drops on production forecast cut

* Dow down 0.19%, S&P up 0.04%, Nasdaq up 0.07%

Nov 8 (Reuters) - U.S. stocks were little changed on Wednesday as investors digested Federal Reserve officials' recent comments for signals on the path of interest rates and focused on the direction of Treasury yields.

U.S. Treasury yields have retreated sharply from their recent highs. The benchmark 10-year Treasury note had topped 5% on growing expectations that the Fed had reached the end of its rate-hike cycle, buoyed by a softer-than-expected jobs report. That drop has helped fuel a rally in stocks, sending the S&P 500 and the Nasdaq to their longest streak of gains in two years through Tuesday's close.

Markets are pricing in about a 50% chance of a rate cut of at least 25 basis points as soon as May, according to the CME Group's FedWatch Tool, up from about 41% a week earlier.

Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors.

"Everyone kind of knows we're either going to get one more hike or they're done and they're probably done," said Jason Ware, chief investment officer at Albion Financial Group.

"If we get a recession stocks have a different valuation, earnings look different. If we don't then we're probably in the context of a new early stage bull market here," he said.

"That's the question that investors are going to be asking themselves while watching yields - the information we get between now and the end of the year on yields and economic data as it relates to recession is gonna drive the tape."

The Dow Jones Industrial Average fell 63.47 points, or 0.19%, to 34,089.13, the S&P 500 gained 1.90 points, or 0.04 %, at 4,380.28 and the Nasdaq Composite added 9.15 points, or 0.07 %, at 13,649.01

Meanwhile, Fed Chair Jerome Powell did not comment on monetary policy in opening remarks to the U.S central bank statistics conference on Wednesday. He is scheduled to speak at another conference on Thursday.

The 10-year Treasury yield barely moved after a $40 billion auction analysts described as mediocre.

In earnings, Warner Bros Discovery slumped 17.1% after the company said Hollywood strikes and a weak advertising market could hurt next year's earnings, weighing on peer Paramount Global, which slid 8.2%.

Tech led gains among the 11 major S&P sectors, while energy and utilities were the weakest, with each losing more than 1%.

Take-Two Interactive Software jumped 6.4% after the company said it would release a trailer early next month for the latest installment in its best-selling "Grand Theft Auto" videogame franchise.

Electric vehicle maker Lucid Group stumbled 8.3% after trimming its production forecast.

Declining issues outnumbered advancers by a 1.3-to-1 ratio on the NYSE while on the Nasdaq, declining issues outnumbered advancers by a 1.7-to-1 ratio on the Nasdaq.

The S&P 500 posted 15 new 52-week highs and five new lows while the Nasdaq recorded 52 new highs and 173 new lows. (Reporting by Chuck Mikolajczak; Editing by Richard Chang)