
What are the opening times of the New York Stock Exchange?
The New York Stock Exchange, or NYSE, has the following opening hours:
- It opens each day at 9.30 a.m.
- It then closes at 4 p.m.
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.
Why is it important to know these times?
The opening times of the New York Stock Exchange are very important as they enable investors to follow the rates in real time of the major American assets listed there such as Google or Meta.
Reminder about the New York stock market:
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.
Capitalization and stock market indexes of the New York Stock market:
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:
- The DJIA or the Dow Jones Industrial Average, commonly known as the Dow Jones or Dow. Which comprises 27 to 30 stock market securities listed in the NYSE. This index is the oldest one in the New York Stock Market and in the World. It belongs to Dow Jones Indexes, a company managed by CME.
- The S&P 500 and the SP100 based on the 500 largest companies listed on the American stock market and managed by Standard&Poor’s, a credit rating agency.
How are the stock market indices quoted that are part of the New York Stock Exchange?
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.
Merger between the New York Stock Exchange and Euronext:
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.
History and growth of the New York Stock Exchange:
To increase your understanding and knowledge of the New York Stock Exchange here are its major historical dates and events.
- 1792: This is the year that the NYSE was created with 24 stockbrokers that met at Wall Street. At this time the NYSE only included 5 assets but rapidly attained 380,000 share prices by 1817.
- 1817: The organisation charter of the stock exchange of New York is prepared and the NYSE is thereby named the New York Stock & Exchange Board.
- 1830: The first railroad company, the Mohawk and Hudson Railroad, debuts on the New York Stock Exchange.
- 1863: The New York Stock Exchange officially becomes the NYSE.
- 1884: This is the year that marked the beginning of the Dow Jones Index with the publication by Charles Dow of a list of the top 11 shares representing the largest national companies. In 1896 this index incorporated the industrial sector assets and became the Dow Jones Industrial Average.
- 1914: The NYSE experienced a provisional closure at the beginning of the First World War. It finally reopened on the 28 November of the same year with the sale of treasury bonds.
- 1929: This of course is the year of the major stock market crash and the beginning of the Great Depression that was the largest economic crisis of the 20th century.
- 1934: This year marked the beginning of trading monitored by the SEC.
- 1967: A group of anarchists led by Abbie Hoffman broke into the New York Stock Exchange and threw counterfeit bank notes on the public which caused major unrest among the public. Following this event the building’s security was considerably strengthened.
- 1987: The Dow Jones stock market index experienced its highest historical drop in value with a loss of 22.6% which caused this day, the 19 October, to be called the Second Black Monday.
- 1997: A new and major fall in the Dow Jones occurred with a loss of 554.26 points in a single day leading to an emergency plan with the addition of a stop to prevent any further trading. Of course this event caused great consternation and led to the implementation of rules aimed at avoiding a new crash with the automatic closing of the stock exchange when the index fell 10%, 20% or 30%. The duration of this closure varies from one hour to a full day.
- 2000: A new and uncontrollable crowd movement disrupted the operations of the NYSE after the music group Rage Against the Machine played a song in front of the building in order to incorporate it into a video clip. As the group had not applied for prior authorisation for this filming the police were called to intervene.
- 2001: Following the bombings of the 11 September and until 17 September the NYSE closed.
- 2005: The NYSE issued a notice relating to its wish to proceed with the acquisition of the company Archipelago Holdings. Still in 2005, this merger was supported by the New York Stock Exchange office. The NYSE thereby lost its status as a non profit company and became a public company. In 2006 it became the NYSE Group.
- 2006: This year marked the beginning of the merger between the NYSE and Euronext which was finalised in 2007 thereby becoming the NYSE-Euronext.
- 2013: The NYSE Euronext group was acquired by the ICE Group which then introduced Euronext onto the stock market in 2014.
- 2018: For the first time in history a woman became president of the NYSE, Stacey Cunningham.
If you are curious and want to visit the New York Stock Exchange district or the US Federal Reserve, it is possible! Before leaving for the USA, you will need an ESTA authorization and your passport