There's no sugarcoating it: Wall Street has had a miserable year. Since hitting a record-closing high during the first week of January, the widely followed S&P 500 has lost as much as 24% of its value and tumbled into bear market territory.

But it's been an even tougher go for growth-dependent stock indexes, such as the Nasdaq Composite and Nasdaq 100. The latter is comprised of the 100 largest nonfinancial stocks listed on the Nasdaq exchange. Since hitting their all-time highs, both the Nasdaq Composite and Nasdaq 100 have shed close to a third of their value at their peak.

Image source: Getty Images.

Continue reading

Source Fool.com