Wall
Street is the name of a narrow street
in lower Manhattan running east from
Broadway downhill to the East River.
Considered to be the historical heart
of the Financial District, it was
the first permanent home of the New
York Stock Exchange. The phrase "Wall
Street" is also used as a metonym
to refer to American financial markets
and financial institutions as a whole.
Most New York financial firms are
no longer headquartered on Wall Street,
but elsewhere in lower or midtown
Manhattan, Fairfield County, Connecticut,
or New Jersey. JP Morgan Chase, the
last major holdout, sold its headquarters
tower at 60 Wall Street to Deutsche
Bank in November 2001. The name of
the street derives from the fact that
during the 17th century, it formed
the northern boundary of the New Amsterdam
settlement. In the 1640s basic picket
and plank fences denoted plots and
residences in the colony.
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