The Stock Market Phenomenon That's Turned the Nasdaq Upside Down

The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to finish the week on a positive note on Friday. The index rose almost 0.4%, which was roughly in line with the gains for the S&P 500. That still left it down more than 1% for the week.

The Nasdaq has gotten a lot of attention lately because of its dramatic outperformance compared to other stock markets. It would be natural to think that much of the returns are stemming from the many innovative small upstarts that have seen so much success lately. But a closer look at the source of the returns shows that something unusual is happening -- and it speaks to the peculiar characteristics of today's stock market environment.

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Source Fool.com