Wall Street

Definition

Wall Street is a major financial district in New York City, known for being the home of the New York Stock Exchange (NYSE) and many major banks and investment firms. It is often used as a metonym for the American financial markets and investment community.

5 Must Know Facts For Your Next Test

1. Wall Street is located in Lower Manhattan, New York City.
2. The New York Stock Exchange (NYSE), one of the largest stock exchanges in the world, is situated on Wall Street.
3. It symbolizes the financial markets and economic power of the United States.
4. Many significant financial institutions, including banks, brokerages, and insurance companies, have headquarters or offices on Wall Street.
5. The term 'Wall Street' is often used to refer to investors and financial professionals collectively.

Review Questions

• Where is Wall Street located?
• What major stock exchange can be found on Wall Street?
• How does Wall Street symbolize the financial markets in the United States?

Related terms

New York Stock Exchange (NYSE): The largest stock exchange by market capitalization located on Wall Street.

Investment Banking: A sector of banking that deals with capital creation for other companies through underwriting or acting as an agent.

Stock Market: A collection of markets where stocks (shares of ownership in businesses) are bought and sold.