-
US Investment Markets Born
The federal government refinances all federal and state Revolutionary War debt, issuing $80 million in bonds. These become the first major issues of publicly traded securities, marking the birth of the U.S. investment markets. -
Five Securities Traded
There are five securities traded in New York City. Three are government bonds and two are bank stocks. -
NY Brokers Form NYS & EB
The New York brokers establish a formal organization, the New York Stock & Exchange Board (NYS&EB) and they adopt a constitution with rules for the conduct of business. -
Peak of 380,000 Shares
The NYS&EB reached a peak of 380,000 by 1824, which declined 15 percent by 1829 -
Railroads Dominate Trading
The first railroad stock, Mohawk & Hudson, is traded on the NYS&EB. -
Average Daily Volume Falls
Following the Panic of 1837, the average daily volume falls from 7,393 in January to 1,534 by June. -
Outbreak of the Civil War
The NYS&EB suspends trading in securities of seceding states with the outbreak of the Civil War. -
New Name
The New York Stock & Exchange Board becomes the New York Stock Exchange (NYSE). -
Lincoln is Assassinated
Because of the assassination of Abraham Lincoln, the Exchange closes for more than a week. -
NYSE Closes for 10 Days
Jay Cooke & Company, a Philadelphia banking firm, fails on September 19 in railroad stocks. The NYSE closes for ten days as a financial panic grips of the nation. -
WW1 Causes Longest Exchange Shutdown
During conflict in Europe, securities exchanges around the world suspend operations to arrest plunging prices. The NYSE closed doors on July 31, and does not fully reopen for 4 1/2 months, the longest shutdown in Exchange history -
Black Tuesday
At the "Black Tuesday", prices fall extremely and the stock market "crashes." This "crash" produces a record volume of nearly 16 million shares. The Dow Jones Industrial Average falls more than 11 percent. -
Lowest Price for Membership
A membership sells for $17,000, the lowest price in the twentieth century. -
Over 6 Million Americans Own Stock
The NYSE reports that 6,490,000 Americans own common stock. -
International Federation of Stock Exchanges
The International Federation of Stock Exchanges is organized. -
Kennedy Assassinated
The assassination of President Kenned forces an emergency early closing of the Exchange to avoid panic selling. -
New York Futures Exchange
Expanding into futures trading, the NYSE forms the New York Futures Exchange (NYFE). -
Largest One-Day Percentage Drop
On that day, the Dow Jones Industrial Average experiences is the largest one-day percentage drop in history, 22.61 percent. The next day, volume reaches 608 million shares. -
51 Million Americans Own Stock
More than 51 million Americans own stocks, according to the latest NYSE census. -
Decimal Pricing Begins
The NYSE begins trading stocks in decimal price increments in a seven-stock pilot program. -
Unlisted Trading Privileges
NYSE begins trading three non-NYSE-listed exchange-traded funds on the basis of unlisted trading privileges, which are rights granted to securities exchanges under the Securities Exchange Act of 1934 to trade securities listed on any other national exchange. -
Terrorist Attacks on WTC
On September 11, terrorist attacks and destroy the World Trade Center. The NYSE closes for four days -- its longest closure since 1933. On reopening day, they set a record volume of 2.37 billion shares. -
Visa Inc., Largest IPO in U.S. History, Lists on the NYSE
Visa Inc., the world’s largest retail electronic payment network, begins trading on the New York Stock Exchange after its historic initial public offering in which it raised $17.86 billion. Visa’s IPO is the largest domestic initial public offering in U.S. history and the third largest initial public offering worldwide.
