Stocks slipped, putting the S&P 500 on track for its longest stretch of declines since October 200 8. The index has fallen nearly 3% since Oct. 25 as polls have tightened in the U.S. presidential election. Still, that decline is much milder than the 23% the S&P 500 lost in its previous eight-session losing streak during the financial crisis, according to WSJ Market Data Group. The index slid 5.3% over two sessions following the U.K.'s vote to leave the European Union in June. Some investors and analysts said ongoing jitters and the need to reposition in case of a surprise outcome next week, as happened in the U.K., were prompting the extended drift lower. The CBOE Volatility Index, which measures investors' expectations for stock swings, moved higher for seven sessions through Wednesday and was up 14% Thursday.
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