New York Stock Exchange
The New York Stock Exchange (NYSE) is located on Wall Street in New York. It was founded in 1817, but it didn’t operate under the NYSE name until 1963. The New York Stock Exchange Group had a turbulent road to its top spot, with infamous events such as the Wall Street Crash in 1929 and Black Tuesday in 1987. But it has remained the largest stock exchange in the world by market capitalisation ever since the end of World War I, when it overtook the London Stock Exchange. In 2012, the NYSE was taken over by an American futures exchange group, Intercontinental Exchange.
The New York Stock Exchange’s market capitalisation was $23.12 trillion in March 2018 – this is nearly 40% of the total world stock market value. There are over 2400 companies listed on the New York Stock Exchange, which span sectors such as finance, healthcare, consumer goods and energy. Some of its more famous companies include Exxon Mobil Corp (XOM), Citigroup Inc (C) and Pfizer Inc (GE) – the Dow Jones is the most used index for tracking the value of the NYSE, but components can also be listed on the NASDAQ.