| The New York Stock Exchange (NYSE) is located in | | | | exchange that are bought and sold just as stock are. |
| New York City. It is one of the biggest stock | | | | The price is very expensive and goes up and down |
| exchanges in the world and lists over 3,200 | | | | along with the economy. You must have a seat in |
| companies. The NYSE allows buyers and sellers to | | | | order to be able to trade stock on the NYSE. |
| trade stock efficiently among each other. Just as a | | | | When you watch the news during the financial |
| supermarket allows business to be conducted | | | | segment, they often tell you how the Dow or the |
| between merchants and consumers, the NYSE allows | | | | S&P 500 is doing. These are both Stock Market |
| stock to be sold between buyers and sellers. | | | | Indexes. The Dow is short for Dow Jones Industrial |
| Since January 24, 2007, the Hybrid Market has | | | | Average. It includes 30 large companies. The Dow is |
| allowed all NYSE stocks to be traded electronically, | | | | calculate by a price-weighted average. This means |
| whereas before all business was conducted on the | | | | that to find the value of the index, instead of just |
| floor of the NYSE. The NYSE has a very specific | | | | adding up the price of each 30 stocks and dividing it |
| way of doing business. Stock brokers have to go to | | | | by 30, they look at is as a portfolio that holds one |
| the right location to buy their stock and it is run like | | | | share of each stock. This keeps it proportional |
| an auction. There are 1,366 seats available on the | | | | among the stock. |