For the week, the Dow posted a 1.8% decline, while the S&P 500 slid about 0.6% and ended a three-week winning streak. The Nasdaq rose 0.3% in the period.

Ed Yardeni said the Fed could move forward with a hawkish interest rate cut next week after sticky inflation data.

The Vanguard Value ETF, a large exchange-traded fund that invests in large-cap value stocks in the U.S., was on track Thursday for its longest losing streak since 2018.

The Dow Jones Industrial Average fell for a seventh trading day in a row as bond yields continued to rise ahead of next week’s Federal Open Market Committee meeting. The Dow fell 86 points, or 0.2%, marking its longest losing streak since Feb.