The New York Stock Exchange, or NYSE, has the following opening hours:
It is important to note however that these opening hours are in American time. In Central European time this equates to an opening time of 3.30 p.m. and a closing time of 10 p.m.
Before embarking on online speculation of the New York stock market, here is some information that you should absolutely know about this incomparable financial center of the international stock market.
The New York stock market is called NYSE or New York Stock Exchange. It is in fact the main trading platform of the New York stock market as well as the biggest stock market place in the world. The New York stock market is often called « Wall Street” by investors and traders.
One of the peculiarities of the New York stock market is that the exchanges are not all done electronically since there are still some shares exchanged at the auction.
Before 1990, NASDAQ had the largest volume of stocks in the United States and around the world but since then, the NYSE has taken its place with a total market capitalization of all the companies listed on this market which represent three times that of NASDAQ.
It is the NYSE Euronext (New York Stock Exchange Euronext) that holds the New York stock Exchange. This group was created by the fusion between Euronext and Archipelago Holdings which operates entirely electronically.
The New York stock market is located at 11 Wall Street, but it is important to note that the NYSE headquarters is actually located at 18 Broad Street in the financial neighborhood situated in the south of Manhattan.
The New York stock market is the most important in the world since it lists the shares of nearly 3000 companies with a total market capitalization that surpasses the 25 000 Billion dollars.
Of course, the New York stock market is also associated with other stock market indexes such as:
We have just revealed the two major indices of the New York Stock Exchange but it is important to note here that these two indices are not quoted in the same way and have certain major differences in the manner in which the companies are classified in each index.
The index considered as the major index of the New York Stock Exchange is of course the Dow Jones Industrial Average, also called the DJ30. Its name comes from the fact that it unites the largest 30 companies of the United States. In this index we find companies including Microsoft, Coca Cola and Disney. The companies that are in the DJ30 index are classified according to the value of their share price on the stock market contrary to other indices which use their stock market capital to rate them.
The second major index of the New York Stock Exchange is the S&P 500, the Standard & Poor’s 500. Although this isn’t the top index of this stock exchange in terms of size it is still considered to be the most representative stock market index of the American economy and its growth. It is in fact classified according to the stock market capital of the companies included and not according to their share price such as with the DJ. As indicated by its name the S&P 500 is composed of the 500 American companies with the largest share market capitals. It is the Standard & Poor’s company that owns this index, hence its name. It should be remembered here that this ratings company is also one of the major ratings agencies in the United States together with Moody’s and Fitch Ratings. It is also this ratings agency that is responsible for managing this stock market index.
Concerning the globalisation of the economy, the New York Stock Exchange, or NYSE, merged with the Euronext European stock exchange in 2007 which already united several different stock exchanges including those of Paris, Lisbon, Brussels and Amsterdam as well as the LIFFE futures market in London.
This merger between two major stock markets of the worldwide economy enabled the simplification of financial markets and stock exchanges between the United States and Europe by notably reducing the cost of the different transactions.
However this changes nothing in the way you invest in the rates of the major stock market indices of this financial marketplace or its stock market shares.
To increase your understanding and knowledge of the New York Stock Exchange here are its major historical dates and events.
CFDs enable you to trade in real time on the New York stock market, either by speculating on the major American indices or by investing in stock market shares quoted on this stock exchange.