New York Stock Exchange
Overview
 
The New York Stock Exchange (NYSE) is a stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

 located at 11 Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...

 in Lower Manhattan
Lower Manhattan
Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York...

, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

, USA. It is by far the world's largest stock exchange by market capitalization
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...

 of its listed companies at 13.39 trillion as of Dec 2010. Average daily trading value was approximately 153 billion in 2008.

The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with the fully electronic stock exchange Euronext
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...

.
Timeline

1792    The New York Stock Exchange is formed.

1817    The New York Stock Exchange is founded.

1865    The New York Stock Exchange opens its first permanent headquarters at 10-12 Broad near Wall Street in New York City.

1914    World War I: Following a war-induced closure in July, the New York Stock Exchange re-opens for bond trading.

1929    Great Depression: After a steady decline in stock market prices since a peak in September, the New York Stock Exchange begins to show signs of panic.

1929    "Black Thursday" stock market crash on the New York Stock Exchange.

1929    The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression.

1938    Great Depression: In an effort to restore investor confidence, the New York Stock Exchange unveils a fifteen-point program aimed to upgrade protection for the investing public.

1997    October 27, 1997 mini-crash: Stock markets around the world crash because of fears of a global economic meltdown. The Dow Jones Industrial Average plummets 554.26 points to 7,161.15. For the first time, the New York Stock Exchange activates its "circuit breakers" twice during the day eventually making the controversial move of closing the Exchange early.

2001    The New York Stock Exchange reopens for trading after the September 11 Attacks, the longest closure since the Great Depression.

 
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