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S&P phenomenon
S&P phe·nom·e·non
noun
Definition:
tendency of indexed stocks to climb:
the tendency of a stock to rise in price when added to the S&P 500 index because index fund managers begin to purchase the stock
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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