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Wall Street

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City.[1] Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York–based financial interests.[2]
Anchored by Wall Street, New York City has been called both the most economically powerful city and the leading financial center of the world,[3][4][5][6][7] and the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ.[8][9] Several other major exchanges have or had headquarters in the Wall Street area, including the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange.


What Is Wall Street?

Wall Street is a street located in the lower Manhattan section of New York City and is the home of the New York Stock Exchange or NYSE. Wall Street has also been the historic headquarters of some of the largest U.S. brokerages and investment banks.

Understanding Wall Street

Today, the term Wall Street is used as a collective name for the financial and investment community, which includes stock exchanges, large banks, brokerages, securities, and underwriting firms. Today, brokerages are located in various locations while providing access to the same information available to Wall Street's tycoons.

KEY TAKEAWAYS

  • Wall Street is a street located in the lower Manhattan section of New York City that is the home of the New York Stock Exchange or NYSE.
  • Wall Street has also been the historic headquarters of some of the largest U.S. brokerages and investment banks.
  • Today, Wall Street is used as an umbrella term to describe the financial markets and the companies that trade publicly on exchanges throughout the U.S.


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