Tag: NYSE

First Stock Traded Under the Buttonwood Tree

The Bank of New York was the first corporate stock traded under the Buttonwood tree in 1792, and the first listed company on the NYSE.

The first bank in the U.S. was the Bank of North America in Philadelphia, which was chartered by the Continental Congress in 1781; Alexander Hamilton, Thomas Jefferson and Benjamin Franklin were among its founding shareholders. In February 1784, The Massachusetts Bank in Boston was chartered.

The shipping industry in New York City chafed under the lack of a bank, and investors envied the 14% dividends that Bank of North America paid, and months of local discussion culminated in a June 1784 meeting at a coffee house on St. George’s Square which led to the formation of the Bank of New York company.

Want more stock market trivia?

https://amzn.to/4a06aIZ

Year End Stock Market Holidays

If you are interested in knowing whether or not the stock market will be open on Veterans Day (November 11) or the day after Thanksgiving (November 26) or another of the other days that are coming up before the end of the year, you have come to the right place.

You might want to bookmark the following:

Holiday Day NYSE NASDAQ
Veterans Day Thursday, November 11 Open Open
Thanksgiving Day Thursday, November 25 Closed Closed
Day After Thanksgiving Friday, November 25 Early close   1 pm ET, 10 am PT Early close   1 pm ET, 10 am PT
Christmas Day observed (Christmas Eve) Friday, December 24 (Christmas holiday observed) Closed Closed
New Years Eve Friday, December 31 Open Open
New Year’s Day 2022 Saturday, January 1, 2022 Closed (Saturday normally closed) Closed

Happy Holidays!!!

How many stocks are there?

by Fred Fuld III

If you have ever wondered how many stocks there are in the United States, here is your answer.

As of today, there are 25,274 different stocks traded The following is the breakdown.

NYSE 3,850
NASDAQ 3,828
AMEX 549
OTCQX 598
OTCQB 1,091
Pink Sheets 11,179
Expert Market 830
Grey Market 3,349
TOTAL 25,274

OTCQX stocks are more established large companies that trade over-the-counter. This includes such companies as adidas (ADDYY), Greyscale Bitcoin Trust (GBTC), and Heineken (HKHHY). Many foreign companies are traded in the market.

OTCQB stocks are entrepreneurial and venture capital stocks on the over-the-counter market. This includes such companies as bebe stores (BEBE), General Cannabis (CANN), and Fannie Mae (FNMA).

Pink Sheet stocks are stocks that trade over-the-counter that don’t qualify for OTCQX or OTCQB.

The Expert Market consists of private transactions between broker dealers and professional investors.

The Grey Market is for stocks that have been suspended from trading or can be for pre-IPO stocks.

 

Disclosure: Author didn’t own any of the above at the time the article was written.

The Stock market will be Closed on Labor Day and These Other Days

In case you were wondering, the New York Stock Exchange and NASDAQ will be closed on Labor Day, Monday, September 7, 2020.

These markets will also be closed these following days:

  • Thanksgiving Day, Thursday, November 26, 2020
  • Christmas Day, Friday, December 25, 2020
  • New Years Day, Friday, January 1, 2021

In addition:

The stock market will close early at 1:00 p.m. ET (1:15 p.m. for eligible options) 10:00 a.m PT on Friday, November 27, 2020.

The stock market will close early at 1:00 p.m.  ET (1:15 p.m. for eligible options) 10:00 a.m PT on Thursday, December 24, 2020.

So How Many Stocks Really Are There?

Have you ever wondered how many different stocks are available to investors? $3,000? $5,000? $10,000?

Well, here is the answer. First, according to NASDAQ, there are 3,274 stocks traded on NASDAQ. The same source says that there are 3,144 stocks traded on the New York Stock Exchange and 358 American Stock Exchange traded stocks.

Now we get to the over-the-counter companies. This includes all the various levels of OTC stocks, Pink Sheet stocks, and Grey Market stocks. There are actually 17,355 stocks in all these categories, according to OTCMarkets.com.

Add these altogether and shat you get is a total of 24,131 stocks.