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New York Stock Exchange (NYSE) is one of the largest
stock exchanges in the world. It is operated by the not-for-profit
corporation. Its main building is located at 18 broad St, at the corner of
Wall Street in New York City. It is home to about 2,800 companies which
have a value of $15 trillion in market capitalization.
As of July, 2004: All but two of the thirty
companies in the Dow Jones Industrial average were listed on the NYSE
(exceptions being Microsoft and Intel). The origin of NYSE can be traced
back to May 17, 1792 when Buttonwood Agreement was signed by twenty four
stock brokers outside of 68 Wall Street in NY under a buttonwood tree. On
March 8, 1817 the organization drafted a constitution and renamed itself
the "New York Stock & Exchange Board". The name was shortened to its
current form in 1863.
The exchange was shut down shortly after World War
I began but was re-opened on November 28 of 1914 in order to help the war
effort by trading bonds.
The first central location of the NYSE was a room rented for $200 a
month at 40 Wall Street in 1817. The NYSE was closed from September 11 to
September 14 as a result of the terrorist attacks.
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