It's incredible what a difference a year can make on Wall Street. In 2022, all three major stock indexes were fully mired in a bear market, with the growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) hit hardest. By year's end, the Nasdaq had shed a third of its value.

Meanwhile, this year has been a completely different story. On a year-to-date basis, as of the closing bell on Sept. 6, the Nasdaq Composite is higher by nearly 33%. However, it still sits close to 14% below its record-closing high, which was set in November 2021.

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Source Fool.com