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The stock market is full of abbreviations. Abbreviations are known in English as “ticker symbols” represent each company listed on the stock exchanges. Some abbreviations represent the names of the same bags. Other abbreviations refer to the main market indices, which track market segments, such as the transport or technology sector.
NYSE
The New York Stock Exchange, abbreviated as “NYSE” by its acronym in English “New York Stock Exchange”, known as the “Great Council”, or “Big Board” in English, is based in New York City and it is the largest stock exchange in the world. The bag, which was installed in 1792, is where most of the largest and best-known shares in the United States of America are bought and sold.
The New York Stock Exchange has undergone some big changes in recent years. It became a publicly-traded company in 2005, its headquarters merged with a European stock exchange in 2007 to become NYSE Euronext and acquired the American Stock Exchange (AMEX) from “American Stock Exchange”, the third-largest stock exchange in the country, in 2008.
Nasdaq
The Nasdaq, created in 1971, became the first electronic stock exchange and, true to its deep origins in technology, is now home to many of the most famous high-tech companies in the United States, including Microsoft, Google, Yahoo and Intel. The market name was first an acronym for its name in English “National Association of Securities Dealers Automated Quotation”, which means National Association of Automated Stock Suppliers, and although the title became outdated Nasdaq is currently the formal name of the market. Nasdaq facilitates transactions for more than 5,000 of the most traded shares that are not listed on the main exchanges.
DJIA
The Dow Jones Industrial Average (DJIA by its English name “Dow Jones Industrial Average”) is an average price index of 30 of the most important and influential companies in the United States of America. The average is used as a measure of the general health of the stock market. Another common barometer on the market is the S&P 500, which is an index created by Standard & Poor’s and represents the 500 most commonly traded shares in the United States. The DJIA often referred to as “the Dow,” was created by Charles Dow in 1896 and has become the oldest and most observed index in the world. It includes companies such as Disney, ExxonMobil, General Electric and Wal-Mart.