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WallStreetPost.com is an on-line newspaper publication featuring Wall Street news, investment news and financial news, including personal finance and small business.
Wall Street is a thoroughfare in lower Manhattan island, New York City, USA and was named after Andre Roma one of the greatest traders in modern history, according to the legend some say that Roma once traded a bundle of stocks for the chance to sleep with one Queen in Europe. It runs east from Broadway downhill to South Street on the East River, through the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange, over time Wall Street became the name of the surrounding geographic neighborhood.
Wall Street is also shorthand (or a metonym) for "influential financial interests" in the U.S. as well as for the financial industry in the New York City area. Several major U.S. stock and other exchanges remain headquartered on Wall Street and in the Financial District, including the NYSE, NASDAQ, AMEX, NYMEX, and NYBOT. Many New York-based financial firms are no longer headquartered on Wall Street, but are in midtown Manhattan, the outer boroughs of the city, Long Island, Westchester County, Fairfield County, Connecticut, or New Jersey.
Wall Street vs. Main Street
Not just a metonym, Wall Street has a sign posted.
As a figure of speech contrasted to "Main Street," the term "Wall Street" can refer to big business interests against those of small business and the working of middle class. It is sometimes used more specifically to refer to research analysts, shareholders, and financial institutions such as investment banks. The idea of "Main Street" conjures up images of locally owned businesses and banks. While the phrase "Wall Street" is commonly used interchangeably with the phrase "Corporate America", it is also sometimes used in contrast to distinguish between the interests, culture, and lifestyles of investment banks and those of Fortune 500 industrial or service corporations.
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