Wall street

Definition

Wall Street is a street located in the Financial District of Manhattan, New York City, which serves as a global centre for financial and investment activities. The term also refers to the collective financial markets and institutions in the United States.

Summary

Wall Street symbolises the financial industry and is home to the New York Stock Exchange (NYSE), one of the world’s largest stock exchanges. It represents the epicentre of American financial markets, hosting major investment banks, brokerage firms, and corporate offices. Wall Street plays a critical role in the global economy, influencing stock markets, investment trends, and economic policies.

Example

A company decides to go public by offering its shares on the New York Stock Exchange, located on Wall Street. Investors, brokers, and analysts evaluate the company’s performance and trade its shares based on market demand, setting the price of the stock. This activity directly reflects the importance of Wall Street in facilitating capital raising and investment.