101-510: The Evansville Courier & Press is a daily newspaper based in Evansville, Indiana . It serves about 30,000 daily and 50,000 Sunday readers. The Evansville Courier was founded in 1845 by William Newton, a young attorney. Its first issue was printed two years before the city had a charter. The Evansville Press was founded in 1906 by Edward W. Scripps as an afternoon daily. Both papers were separate and fierce competitors until 1937, when
202-456: A National Historic Landmark in 1978. 18 Broad Street is also a New York City designated landmark . The New York Stock Exchange is closed on New Year's Day , Martin Luther King Jr. Day , Washington's Birthday , Good Friday , Memorial Day , Juneteenth National Independence Day , Independence Day , Labor Day , Thanksgiving , and Christmas . When those holidays occur on a weekend,
303-431: A 203-year process of paper transactions and ushering in an era of automated trading. As of January 24, 2007, all NYSE stocks can be traded via its electronic hybrid market (except for a small group of very high-priced stocks). Customers can now send orders for immediate electronic execution, or route orders to the floor for trade in the auction market. In the first three months of 2007, in excess of 82% of all order volume
404-515: A base value of 50 points equal to the 1965 yearly close. This was done to reflect the value of all stocks trading at the exchange, in contrast with the then predominant Dow Jones Industrial Average which tracks just 30 stocks. To raise the profile of the composite index, in 2003, the NYSE set its new base value of 5,000 points equal to the 2002 yearly close. Its close at the end of 2013 was 10,400.32. In October 2008, NYSE Euronext completed acquisition of
505-641: A campus in Evansville. Other local educational institutions include the nationally ranked Signature School , the Evansville Vanderburgh Public Library , and the Evansville Vanderburgh School Corporation . There has been a continuous human presence in the area that became Evansville from at least 8,000 BC by Paleo-Indians . Archaeologists have identified several archaic and ancient sites in and near Evansville, with
606-470: A change of ownership of a corporation holding a trading license. The Barnes family is the only known lineage to have five generations of NYSE members: Winthrop H. Barnes (admitted 1894), Richard W.P. Barnes (admitted 1926), Richard S. Barnes (admitted 1951), Robert H. Barnes (admitted 1972), Derek J. Barnes (admitted 2003) . In the mid-1960s, the NYSE Composite Index (NYSE: NYA) was created, with
707-605: A conclusion as to the cause. The regulators found no evidence that the fall was caused by erroneous ("fat finger") orders. On October 29, 2012, the stock exchange was shut down for two days due to Hurricane Sandy . The last time the stock exchange was closed due to weather for a full two days was on March 12 and 13, 1888. On May 1, 2014, the stock exchange was fined $ 4.5 million by the Securities and Exchange Commission to settle charges that it had violated market rules. On August 14, 2014, Berkshire Hathaway 's A Class shares,
808-546: A deal in which NASDAQ would have taken control of the stock exchanges. NYSE Euronext rejected this offer twice, but it was finally terminated after the United States Department of Justice indicated their intention to block the deal due to antitrust concerns. In December 2012, ICE had proposed to buy NYSE Euronext in a stock swap with a valuation of $ 8 billion. NYSE Euronext shareholders would receive either $ 33.12 in cash, or $ 11.27 in cash and approximately
909-565: A delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted, as well as formal organs of governance. After re-forming as the New York Stock and Exchange Board, the broker organization began renting out space exclusively for securities trading, which previously had been taking place at the Tontine Coffee House . Several locations were used between 1817 and 1865, when
1010-703: A fish consumption advisory for fish from the Ohio River based on PCB contamination. The recommended consumption limit for most fish, including carp , striped bass and flathead catfish is no more than 8 oz. per month, but for channel catfish , the recommendation is only 8oz every two months. Six very large coal-fired power plant complexes operate within 30 miles of Evansville: Indiana-Michigan Power 's Rockport Generating Station , near Rockport, Indiana , AES Indiana 's Petersburg Generating Station near Petersburg , and Duke Energy 's Gibson Generating Station near Mount Carmel . Evansville-based Vectren operates
1111-549: A for-profit, public company. It began trading under the name NYSE Group on March 8, 2006. On April 4, 2007, the NYSE Group completed its merger with Euronext, the European combined stock market, thus forming NYSE Euronext , the first transatlantic stock exchange. Wall Street is the leading U.S. money center for international financial activities and the foremost U.S. location for the conduct of wholesale financial services. "It comprises
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#17328521826461212-399: A for-profit, publicly traded company. Seat owners received $ 500,000 in cash per seat and 77,000 shares of the newly formed corporation. The NYSE now sells one-year licenses to trade directly on the exchange. Licenses for floor trading are available for $ 40,000 and a license for bond trading is available for as little as $ 1,000 as of 2010. Neither are resellable, but may be transferable during
1313-679: A matrix of wholesale financial sectors, financial markets, financial institutions, and financial industry firms" (Robert, 2002). The principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE and the CEO was Duncan Niederauer . Currently, the chairman is Jeffrey Sprecher. In 2016, NYSE owner Intercontinental Exchange Inc. earned $ 419 million in listings-related revenues. The exchange
1414-408: A maximum temperature of 90 °F (32 °C) or above and 17 days with a maximum at or below freezing; the mean first and last freeze dates are October 26 and April 7, resulting in a frost-free period of 201 days. Extreme temperatures range from −23 °F (−31 °C) on February 2, 1951, up to 111 °F (44 °C) on July 28, 1930; the record cold maximum of −3 °F (−19 °C)
1515-485: A more modern, continuous trading system superior to the NYSE's twice-daily call sessions". The Open Board of Stock Brokers merged with the NYSE in 1869. Robert Wright of Bloomberg writes that the merger increased the NYSE's members as well as trading volume, as "several dozen regional exchanges were also competing with the NYSE for customers. Buyers, sellers and dealers all wanted to complete transactions as quickly and cheaply as technologically possible and that meant finding
1616-428: A sixth of a share of ICE. Jeffrey Sprecher , the chairman and CEO of ICE, will retain those positions, but four members of the NYSE board of directors will be added to the ICE board. On January 24, 2023, a glitch in NYSE caused panic due to unintentional trade orders opened and closed in more than 250 securities. The NYSE's opening and closing bells mark the beginning and the end of each trading day. The opening bell
1717-690: A steady pace of economic diversification and stability. On December 6, 2022, in recognition of the city's massive production efforts during World War II, it was announced that Evansville had been designated Indiana's American World War II Heritage City by the National Park Service . The Evansville metropolitan area , the 142nd largest in the United States, includes three Indiana counties ( Posey , Vanderburgh , and Warrick ) and two Kentucky counties ( Henderson , and Webster ). The metropolitan area does not include Owensboro, Kentucky , which
1818-640: Is a multi-use indoor arena downtown with a maximum seating capacity of 11,000 connected via Sky Bridge to the Evansville DoubleTree Hotel . It officially opened in 2011 and is used mainly for basketball , ice hockey , and music concerts . New York Stock Exchange The New York Stock Exchange ( NYSE , nicknamed " The Big Board ") is an American stock exchange in the Financial District of Lower Manhattan in New York City . It
1919-434: Is also a regional energy hub because of regional energy-related facilities such as BWX Technologies Nuclear Operations Group, coal mines , Global Blade Technology, several large ethanol and biofuel facilities, and a network of gas and oil pipelines. The city of Evansville offers a tax structure for companies locating inside the Evansville urban enterprise zone. Established in 1984 as one of five enterprise zones in
2020-427: Is an adjacent metropolitan area about 30 miles (48 km) southeast of Evansville. This area is sometimes referred to as " Kentuckiana ", although it is usually referred to as the “tri-state" by the local media. According to the 2010 census, Evansville has an area of 44.622 square miles (115.57 km ), of which 44.15 square miles (114.35 km ) (or 98.94%) is land and 0.472 square miles (1.22 km ) (or 1.06%)
2121-686: Is dug up from each yard then dumped in a nearby landfill. The work has many more years to go. The U.S. Census accounts for race by two methodologies. "Race alone" and "Race alone less Hispanics" where Hispanics are delineated separately as if a separate race. According to the 2020 U.S. Census , the racial makeup (including Hispanics in the racial counts) was 75.34% (88,374) White alone , 13.65% (16,006) Black alone , 0.31% (362) Native American alone , 1.24% (1,455) Asian alone , 0.51% (596) Pacific Islander alone , 1.97% (2,315) Other Race alone , and 6.98% (8,190) Multiracial or Mixed Race . The racial and ethnic makeup (where Hispanics are excluded from
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#17328521826462222-466: Is employed by a NYSE member firm (that is, they are not an employee of the New York Stock Exchange), acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction. They do on occasion (approximately 10% of the time) facilitate the trades by committing their own capital and as a matter of course disseminate information to
2323-528: Is home to Bally's Evansville , the state's first casino; Mesker Park Zoo and Botanic Garden , one of the state's oldest and largest zoos; and sports tourism industry . The city has several notable educational institutions. The University of Evansville is a private school on the city's east side, while the University of Southern Indiana is a larger public institution just outside the city's westside limits. The Indiana University School of Medicine also maintains
2424-464: Is open for trading Monday through Friday from 9:30 am – 4:00 pm ET , with the exception of holidays declared by the Exchange in advance. Proposals for round-the-clock trading have been considered by NYSE. The NYSE trades in a continuous auction format, where traders can execute stock transactions on behalf of investors. They will gather around the appropriate post where a specialist broker, who
2525-425: Is rung at 9:30 am ET to mark the start of the day's trading session. At 4 pm ET the closing bell is rung and trading for the day stops. There are bells located in each of the four main sections of the NYSE that all ring at the same time once a button is pressed. There are three buttons that control the bells, located on the control panel behind the podium which overlooks the trading floor. The main bell, which
2626-417: Is rung at the beginning and end of the trading day, is controlled by a green button. The second button, colored orange, activates a single-stroke bell that is used to signal a moment of silence. A third, red button controls a backup bell which is used in case the main bell fails to ring. The ringing of the bells usually accompanied with applause and is often done by VIPs and celebrities (See pictures and
2727-572: Is the largest stock exchange in the world by market capitalization . The NYSE trading floor is located at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark . A previous trading room, at 30 Broad Street , was closed in February 2007. The NYSE is owned by Intercontinental Exchange , an American holding company that it also lists (ticker symbol ICE). Previously, it
2828-480: Is water. The city's southern boundary lies on an oxbow in the Ohio River. Most of the city lies in a shallow valley surrounded by low rolling hills. The city's west side is built on these rolling hills and is home to Burdette Park , Mesker Amphitheatre , and Mesker Park Zoo . The eastern portion developed in the valley and is protected by a series of levees that closely follow the path of I-69 . Notable landmarks on
2929-548: The 1997 Mini-Crash but from which the DJIA recovered quickly. This was the first time that the " circuit breaker " rule had operated. On January 26, 2000, an altercation during filming of the music video for Rage Against the Machine 's " Sleep Now in the Fire ", directed by Michael Moore , caused the doors of the exchange to be closed and the band to be escorted from the site by security after
3030-458: The 20 Under 40 award for emerging community leaders and Star Students, which salutes 90 outstanding high school juniors in southwest Indiana, west-central Kentucky and southeastern Illinois. Evansville, Indiana Evansville is a city in and the county seat of Vanderburgh County, Indiana , United States. With a population of 118,414 at the 2020 census , it is Indiana's third-most populous city after Indianapolis and Fort Wayne ,
3131-642: The American Stock Exchange (AMEX) for $ 260 million in stock. On February 15, 2011, NYSE and Deutsche Börse announced their merger to form a new company, as yet unnamed, wherein Deutsche Börse shareholders would have 60% ownership of the new entity, and NYSE Euronext shareholders would have 40%. On February 1, 2012, the European Commission blocked the merger of NYSE with Deutsche Börse , after commissioner Joaquín Almunia stated that
Evansville Courier & Press - Misplaced Pages Continue
3232-611: The Buttonwood Agreement . Previously, securities exchange had been intermediated by the auctioneers , who also conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792, twenty-four brokers signed the Buttonwood Agreement, which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales. The earliest securities traded were mostly governmental securities such as War Bonds from
3333-509: The Courier in 1986. The joint Sunday edition was replaced by a Sunday edition of the Courier. The two newspapers continued to publish separate editions until the Evansville Press was discontinued as a separate newspaper on December 31, 1998. The Courier was renamed the Courier & Press . In 2015, the newspaper was purchased by Gannett . In 2002, 2004, 2011 and 2017 the newspaper
3434-509: The Evansville Press was flooded and the Evansville Courier agreed to print their competitor's paper. In 1938, the two papers formed a joint operating agreement to handle business affairs. The two papers retained separate staffs and editorial policies, but published a joint Sunday edition with two editorial pages from the two papers. The E. W. Scripps Company sold the Press and bought
3535-848: The National Register of Historic Places . Evansville lies within the northern limits of the humid subtropical climate ( Köppen Cfa ), and straddles the border between USDA plant hardiness zones 6b and 7a. Summers are hot and humid, winters are cold to cool. Average temperatures range from 32.5 °F (0.3 °C) in January to 78.0 °F (25.6 °C) in July. Annual precipitation averages 45.3 inches (1,150 mm), including an average seasonal snowfall of 11.8 inches (30 cm). Evansville winters can range from just 0.5 in (1.3 cm) of snowfall in 2011–12, up to 37.9 in (96 cm) in 1969–70. On average, there are 41 days annually with
3636-401: The Ohio River flood of 1937 covered 500 city blocks in Evansville, resulting in a major crisis. With steamboats less necessary to the local economy, city and federal officials responded to the flood and its destruction by constructing more and higher levees: construction that penned and hid the Ohio River behind a barrier of earthen berms and concrete walls. During World War II , Evansville
3737-464: The U.S. Securities and Exchange Commission , with a president and a thirty-three-member board. On February 18, 1971, the non-profit corporation was formed, and the number of board members was reduced to twenty-five. One of Abbie Hoffman 's well-known publicity stunts took place in 1967, when he led members of the Yippie movement to the Exchange's gallery. The provocateurs hurled fistfuls of dollars toward
3838-481: The University of Southern Indiana also contribute thousands of jobs to the tri-state annually. Evansville's strategic location on the Ohio River , strong rail and highway infrastructure, and its designation as a U.S. Customs Port of Entry , make it an ideal location for the transfer of cargo, including internationally. Chemicals make up 64% of international exports from the metro area, followed by transportation equipment (18%) and food manufacturing (5%). Evansville
3939-573: The tri-state 's major center for the healthcare and medical sciences industries. Deaconess Health System and St. Vincent Evansville (formerly St. Mary's Hospital and Medical Center ), including the Deaconess Gateway and Women's Hospital just outside city limits, provide the anchors for a health care system that are among the region's largest employers. Educational institutions such as Evansville Vanderburgh School Corporation , Ivy Tech Community College of Indiana , University of Evansville and
4040-523: The 2010 census, there were 117,429 people, 50,588 households, and 28,085 families residing in the city. The population density was 2,659.8 inhabitants per square mile (1,027.0/km ). There were 57,799 housing units at an average density of 1,309.2 per square mile (505.5/km ). The racial makeup of the city was 82.0% White , 12.6% African American , 0.3% Native American , 1.0% Asian , 0.1% Pacific Islander , 1.3% from other races , and 2.8% from two or more races. Hispanic or Latino of any race were 2.6% of
4141-474: The 2011 rule change, at the start of each trading day, the NYSE sets three circuit breaker levels at levels of 7% (Level 1), 13% (Level 2), and 20% (Level 3) of the average closing price of the S&;P 500 for the preceding trading day. Level 1 and Level 2 declines result in a 15-minute trading halt unless they occur after 3:25 pm, when no trading halts apply. A Level 3 decline results in trading being suspended for
Evansville Courier & Press - Misplaced Pages Continue
4242-473: The Exchange on October 24, 1929, and the sell-off panic which started on Black Tuesday , October 29, are often blamed for precipitating the Great Depression . In an effort to restore investor confidence, the Exchange unveiled a fifteen-point program aimed to upgrade protection for the investing public on October 31, 1938. On October 1, 1934, the exchange was registered as a national securities exchange with
4343-431: The NYSE imposed rules restricting brokers from voting uninstructed shares. The Stock Exchange Luncheon Club was situated on the seventh floor from 1898 until its closure in 2006. On April 21, 2005, the NYSE announced its plans to merge with Archipelago in a deal intended to reorganize the NYSE as a publicly traded company. NYSE's governing board voted to merge with rival Archipelago on December 6, 2005, and became
4444-454: The NYSE reopened on May 26, 2020. The main New York Stock Exchange Building , built in 1903, is at 18 Broad Street, between the corners of Wall Street and Exchange Place, and was designed in the Beaux Arts style by George B. Post . The adjacent structure at 11 Wall Street, completed in 1922, was designed in a similar style by Trowbridge & Livingston . The buildings were both designated
4545-689: The Revolutionary War and First Bank of the United States stock, although Bank of New York stock was a non-governmental security traded in the early days. The Bank of North America , along with the First Bank of the United States and the Bank of New York, were the first shares traded on the New York Stock Exchange. In 1817, the stockbrokers of New York, operating under the Buttonwood Agreement , instituted new reforms and reorganized. After sending
4646-511: The South, Catholic Irish coming for canal or railroad work, New England businessmen, Germans fleeing Europe after the 1848 revolutions, and freedmen from western Kentucky. By the 1890 census , Evansville ranked as the 56th-largest urban area in the United States, but it was surpassed in population by other cities in the early 1900s. As the new century began, the city continued to develop to its eastern areas. Manufacturing also took off, particularly in
4747-631: The Year. In 2019, staff photographer Sam Owens was named the Indiana News Photographers Association (INPA) Photographer of the Year. The newspaper is known for its dedication to community service and commitment to education. As part of the newspaper's 150th anniversary, it planted 150 trees on the University of Southern Indiana campus. In recent years, the Courier & Press has introduced several new community recognition events. They include
4848-573: The air in Vanderburgh County were almost as high as in Manhattan , New York City . A large portion of the downtown and north side areas were declared contaminated by lead and arsenic because of factory dumping dating back to the Civil War. Contractors have been working for more than 20 years to dig up the lawns of residents to make them safe for children to play. About 18 inches of contaminated dirt
4949-484: The automobile and refrigeration industries. The Graham brothers, Ray, Robert, and Joseph, got their start with a successful glass factory in Evansville. After they sold it in 1907, the glass factory became Libbey-Owens-Ford. In 1916, seeing the need for a dependable truck, the Graham brothers entered the truck chassis business. Evansville was home to Graham Brothers Trucks from then until 1929. The dependability of Graham trucks
5050-711: The billions," and many other companies switched over to the manufacture of war material. In 1942, an aircraft factory was constructed adjacent to the airport north of the city for the manufacture of the Republic P-47D fighter aircraft, the legendary P-47 Thunderbolt . Evansville produced a total of 6,242 P-47s, almost half of the P-47s made nationally during the war. After the war, Evansville's manufacturing base of automobiles, household appliances, and farm equipment benefited from growing post-war demand. A growing housing demand also caused residential development to leap north and east of
5151-402: The button that signals the bells to ring. Due to the amount of coverage that the opening/closing bells receive, many companies coordinate new product launches and other marketing-related events to start on the same day as when the company's representatives ring the bell. It was only in 1995 that the NYSE began having special guests ring the bells on a regular basis; prior to that, ringing the bells
SECTION 50
#17328521826465252-524: The cardinal points, due north–south, and east–west. Thus, anyone entering or leaving downtown finds the street makes a confusing oblique-angle turn in one direction or another. In the 1970s, the city suffered from problems such as decreased economic activity and suburban flight, but city-sponsored revitalization has improved downtown conditions. The business district and riverfront feature land-based casino gambling, restaurants, bars, and shops that attract tens of thousands of visitors each year. Although much of
5353-752: The city include Alcoa in Newburgh , AK Steel in Rockport , SABIC in Mount Vernon , and Toyota in Princeton . Other major employers with workforces of 500 or more in the area include AT&T , Bristol-Myers Squibb , SRG Global , Industrial Contractors , Mead Johnson , Peabody Energy , PGW Pittsburgh Glass, T.J. Maxx , and Bally's Evansville . Evansville was the headquarters of natural gas and electric utility Vectren from its 2000 founding to its 2019 merger into CenterPoint Energy . Evansville has emerged as
5454-812: The city was 48.1% male and 51.9% female. Evansville is the regional center for a large trade area in Indiana , Kentucky , and Illinois . The largest industry sectors in size in Evansville are healthcare, finance, education, and manufacturing. Other major industries by employment are energy, warehousing and distribution, and retail. Corporate headquarters in Evansville include Accuride , Ameriqual Group, Anchor Industries, Atlas Van Lines , Berry Global , Evana Tool & Engineering, Karges Furniture , Koch Enterprises, Lewis Bakeries, Metronet, Old National Bank , Red Spot Paint & Varnish, Shoe Carnival , OneMain Financial , and Traylor Brothers. Major manufacturing operations near
5555-511: The city's east side. Situated on an oxbow in the Ohio River , the city is often referred to as the "Crescent Valley" or "River City". Early French explorers named it La Belle Rivière ("The Beautiful River"). The area has been inhabited by various indigenous cultures for millennia, dating back at least 10,000 years. Angel Mounds was a permanent settlement of the Mississippian culture from AD 1000 to around AD 1400. The European-American city
5656-412: The city. However, between 1955 and 1963, a nationwide recession hit Evansville. Among other closures, Servel (which produced refrigerators) went out of business and Chrysler ended its local operations. The economy was saved from near total collapse by 28 businesses that moved into the area, including Whirlpool , Alcoa , and General Electric . During the final third of the 20th century, Evansville became
5757-423: The cost of seat reached a then-record $ 185,000. The most expensive inflation-adjusted seat was sold in 1929 for $ 625,000, which, today, would be over six million dollars. In recent times, seats have sold for as high as $ 4 million in the late 1990s and as low as $ 1 million in 2001. In 2005, seat prices shot up to $ 3.25 million as the exchange entered into an agreement to merge with Archipelago and became
5858-553: The creek an industrial corridor. The land comprising the former town of Lamasco was platted in 1837 and was annexed in 1870. Evansville's economy received a boost in the early 1830s when Indiana unveiled plans to build the longest canal in the world , a 400-mile ditch to connect the Great Lakes at Toledo, Ohio with the inland rivers at Evansville. The project was intended to open Indiana to commerce and improve transportation from New Orleans to New York City . The project bankrupted
5959-408: The crowd that helps to bring buyers and sellers together. The auction process moved toward automation in 1995 through the use of wireless handheld computers (HHC). The system enabled traders to receive and execute orders electronically via wireless transmission. On September 25, 1995, NYSE member Michael Einersen, who designed and developed this system, executed 1000 shares of IBM through this HHC ending
6060-542: The early twentieth century with the production of lumber and the manufacturing of furniture. By 1920, Evansville had more than two dozen furniture companies. In the decades of the 1920s and 1930s, city leaders attempted to improve Evansville's transportation position and successfully lobbied to be on the Chicago-to-Miami "Dixie Bee Highway" ( U.S. Highway 41 ). A bridge was built across the Ohio River in 1932 and in that same decade steps were taken to develop an airport. But
6161-592: The east side are the 240-acre (1.0 km ) Wesselman Woods Nature Preserve and the Angel Mounds State Historic Site, just southeast of Evansville, between Evansville and Newburgh . For more details on this topic, see List of tallest buildings in Evansville Evansville's original downtown plat was made on about 200 acres, with streets running parallel to the river from northwest to southeast. Other streets nearby were later laid out on
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#17328521826466262-528: The first Europeans to come to the area, using Vincennes as a base of operations for fur trading. As a testament to the Ohio River's grandeur, early French explorers named it La Belle Rivière ("The Beautiful River"). The land encompassing Evansville was formally relinquished by the Delaware in 1805 to General William Henry Harrison , then governor of the Indiana Territory . The city of Evansville, Indiana
6363-511: The gong was switched to the bell format that is currently being used. The bell itself was produced by Bevin Brothers in East Hampton, Connecticut , which is known colloquially as "Bell Town" for its history of bell foundries and metal toy manufacturing. A common sight today is the highly publicized events in which a celebrity or executive from a corporation stands behind the NYSE podium and pushes
6464-468: The highest priced shares on the NYSE, hit $ 200,000 a share for the first time. On July 8, 2015, technical issues affected the stock exchange, halting trading at 11:32 am ET. The NYSE reassured stock traders that the outage was "not a result of a cyber breach", and the Department of Homeland Security confirmed that there was "no sign of malicious activity". Trading eventually resumed at 3:10 pm ET
6565-486: The holiday is observed on the closest weekday. In addition, the Stock Exchange closes early on the day before Independence Day, the day after Thanksgiving, and Christmas Eve. The NYSE averages about 253 trading days per year. The New York Stock Exchange (sometimes referred to as " The Big Board ") provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE
6666-403: The hub of the tri-state region's commercial, medical, and service industries. A 1990s economic spurt was fueled by the growth of the University of Southern Indiana . The arrival of giant Toyota and AK Steel manufacturing plants, as well as Casino Aztar (now Bally's), Indiana's first gaming boat, also contributed to the growth of jobs. As the twenty-first century began, Evansville continued in
6767-481: The markets with the most trading, or the greatest liquidity in today's parlance. Minimizing competition was essential to keep a large number of orders flowing, and the merger helped the NYSE maintain its reputation for providing superior liquidity." The Civil War greatly stimulated speculative securities trading in New York. By 1869, membership had to be capped, and has been sporadically increased since. The latter half of
6868-493: The members attempted to gain entry into the exchange. In the aftermath of the September 11 attacks , the NYSE was closed for four trading sessions, resuming on Monday, September 17, one of the rare times the NYSE was closed for more than one session and only the third time since March 1933. On the first day, the NYSE suffered a 7.1% drop in value (684 points); after a week, it dropped by 14% (1,370 points). An estimated $ 1.4 trillion
6969-530: The merger "would have led to a near-monopoly in European financial derivatives worldwide". Instead, Deutsche Börse and NYSE would have to sell either their Eurex derivatives or LIFFE shares in order to not create a monopoly. On February 2, 2012, NYSE Euronext and Deutsche Börse agreed to scrap the merger. In April 2011, Intercontinental Exchange (ICE), an American futures exchange , and NASDAQ OMX Group had together made an unsolicited proposal to buy NYSE Euronext for approximately US$ 11,000,000,000,
7070-416: The most complex at Angel Mounds . This was built and occupied from about AD 900 to about AD 1600, just before the arrival of Europeans to North America. Following the abandonment of Angel Mounds between the years 1400 and 1450, tribes of the historic Miami , Shawnee , Piankeshaw , Wyandot , Delaware and other Native American peoples were known to be in the area. French hunters and trappers were among
7171-611: The most populous city in Southern Indiana , and the 249th-most populous city in the United States. It is the central city of the Evansville metropolitan area , a hub of commercial, medical, and cultural activity of southwestern Indiana and the Illinois–Indiana–Kentucky tri-state area , which is home to over 911,000 people. The 38th parallel north crosses the north side of the city and is marked on Interstate 69 immediately north of its junction with Indiana 62 within
7272-486: The nineteenth century saw rapid growth in securities trading. Securities trade in the latter nineteenth and early twentieth centuries was prone to panics and crashes. Government regulation of securities trading was eventually seen as necessary, with arguably the most dramatic changes occurring in the 1930s after a major stock market crash precipitated the Great Depression . The NYSE has also imposed additional rules in response to shareholder protection controls, e.g. in 2012,
7373-443: The other two; the A. B. Brown Generating Station , located just west of Evansville, and Warrick County Generating Station / F. B. Culley Generating Station complex, east of Newburgh , largely owned by Alcoa . In addition, another coal fired power plant complex, The R.D. Green Station, operated by Touchstone Energy 's Big Rivers Electric, exists 20 miles south of Evansville, near Sebree, Kentucky . The levels of fine particles in
7474-694: The outer city's architecture is typical suburban design, the city's downtown district retains early twentieth-century architecture. A few blocks east of the main business district is the Riverside district , featuring tree-lined brick streets full of turn of the twentieth-century homes. The Reitz Home Museum is one of the finest examples of French second empire architecture in the United States. Other homes nearby feature similar character and design and include Italianate , Colonial Revival , and Renaissance Revival styles. Evansville has thirteen neighborhoods that have qualified as historic districts and are listed on
7575-613: The parent company of United Airlines , which broke down. When the UAL deal fell through, it helped trigger the collapse of the junk bond market causing the Dow to fall 190.58 points, or 6.91 percent. Similarly, there was a panic in the financial world during the year of 1997; the Asian Financial Crisis . Like the fall of many foreign markets, the Dow suffered a 7.18% drop in value (554.26 points) on October 27, 1997, in what later became known as
7676-443: The population. There were 50,588 households, of which 27.6% had children under the age of 18 living with them, 34.8% were married couples living together, 15.6% had a female householder with no husband present, 5.2% had a male householder with no wife present, and 44.5% were non-families. 36.5% of all households were made up of individuals, and 11.9% had someone living alone who was 65 years of age or older. The average household size
7777-482: The present location was adopted. The invention of the electrical telegraph consolidated markets and New York's market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Open Board of Stock Brokers was established in 1864 as a competitor to the NYSE. With 354 members, the Open Board of Stock Brokers rivaled the NYSE in membership (which had 533) "because it used
7878-450: The racial counts and placed in their own category) was 74.18% (87,008) White alone (non-Hispanic) , 13.50% (15,834) Black alone (non-Hispanic) , 0.23% (273) Native American alone (non-Hispanic) , 1.23% (1,438) Asian alone (non-Hispanic) , 0.50% (590) Pacific Islander alone (non-Hispanic) , 0.48% (558) Other Race alone (non-Hispanic) , 5.62% (6,589) Multiracial or Mixed Race (non-Hispanic) , and 4.27% (5,008) Hispanic or Latino . As of
7979-451: The remainder of the day. (The biggest one-day decline in the S&;P 500 since 1987 was the 11.98% drop on March 16, 2020 .) Until 2005, the right to directly trade shares on the exchange was conferred upon owners of a limited number of "seats". The term comes from the fact that up until the 1870s NYSE members sat in chairs to trade. In 1868, the number of seats was fixed at 533, and this number
8080-592: The same day. On May 25, 2018, Stacey Cunningham , the NYSE's chief operating officer, became the Big Board's 67th president, succeeding Thomas Farley. She is the first female leader in the exchange's 226-year history. In March 2020, the NYSE announced plans to temporarily move to all-electronic trading on March 23, 2020, due to the COVID-19 pandemic . Along with the PHLX and the BSE ,
8181-510: The second-biggest one-day drop the exchange had experienced. Black Monday was followed by Terrible Tuesday, a day in which the Exchange's systems did not perform well and some people had difficulty completing their trades. Subsequently, there was another major drop for the Dow on October 13, 1989—the Mini-Crash of 1989 . The crash was apparently caused by a reaction to a news story of a $ 6.75 billion leveraged buyout deal for UAL Corporation,
8282-404: The section "Notable bell-ringers"). The signal to start and stop trading was not always a bell; a gavel was the original signal, which is still utilized alongside the bell. However, the gavel is frequently damaged. During the late 1800s, the NYSE decided to switch the gavel for a gong to signal the day's beginning and end. After the NYSE changed to its present location at 18 Broad Street in 1903,
8383-482: The site of a new courthouse in 1891. The era of Evansville's greatest growth occurred in the second half of the 19th century, following the disruptions of the Civil War . The city was a major stop for steamboats along the Ohio River, and it was the home port for a number of companies engaged in trade via the river. Coal mining, manufacturing, and hardwood lumber was a major source of economic activity. By 1900, Evansville
8484-474: The state and was so poorly engineered that it would not hold water. By the time the Wabash and Erie Canal was finished in 1853, Evansville's first railroad, Evansville & Crawfordsville Railroad , was opened to Terre Haute. The expansion of railroads in this territory had made the canal obsolete. Only two flat barges ever made the entire trip. The canal basin at Fifth and Court street in downtown Evansville became
8585-558: The state, the 2.1-square-mile (5.4 km ) area offers inventory tax credits and other tax credits to eligible businesses. Historic Bosse Field , a 7,180-seat baseball stadium in Garvin Park, was built in 1915 and is the third-oldest ballpark still in regular use in the United States. It is surpassed only by Fenway Park (1912) in Boston and Wrigley Field (1914) in Chicago. The Ford Center
8686-471: The trading floor below. Some traders booed, and some laughed and waved. Three months later the stock exchange enclosed the gallery with bulletproof glass. Hoffman wrote a decade later, "We didn't call the press; at that time we really had no notion of anything called a media event." On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 points, a 22.6% loss in a single day,
8787-411: Was 2.23 and the average family size was 2.91. Median household income was $ 36,330 (2016), with the per capita income being $ 21,368 (2016). Poverty level was 21.7%. The median age in the city was 36.5 years. 22.1% of residents were under the age of 18; 11.7% were between the ages of 18 and 24; 26% were from 25 to 44; 25.8% were from 45 to 64, and 14.4% were 65 years of age or older. The gender makeup of
8888-420: Was a major center of industrial production which helped revive the regional economy after the Great Depression . A huge, 45-acre shipyard complex was constructed on the riverfront east of St. Joseph Avenue for the production of oceangoing LSTs ( Landing Ship-Tanks ). The Evansville Shipyard was the nation's largest inland producer of LSTs. The Plymouth factory was converted into a plant which turned out "bullets by
8989-456: Was closed shortly after the beginning of World War I (July 31, 1914), but it partially re-opened on November 28 of that year in order to help the war effort by trading bonds , and completely reopened for stock trading in mid-December. On September 16, 1920, the Wall Street bombing occurred outside the building, killing forty people and injuring hundreds more. The Black Thursday crash of
9090-527: Was delivered to the floor electronically. NYSE works with US regulators such as the SEC and CFTC to coordinate risk management measures in the electronic trading environment through the implementation of mechanisms like circuit breakers and liquidity replenishment points. Following the Black Monday market crash in 1987, NYSE imposed trading curbs to reduce market volatility and massive panic sell-offs. Following
9191-515: Was designated as the county seat on January 7, 1818. The county was named for Henry Vanderburgh, a deceased chief judge of the Indiana Territorial Supreme Court. Evansville became a thriving commercial town with a river trade, and the town began to expand outside of its original footprint. Evansville's west side was for many years cut off from the city's main part by Pigeon Creek and the factories that developed along it, making
9292-497: Was due in part to their use of Torbensen internal gear drive rear axles. In 1921, after the death of both Dodge brothers, Graham Brothers started selling 1.5 ton pickups through Dodge dealers. (Dodge did not manufacture trucks at the time). These vehicles had Graham chassis and some Dodge parts. Dodge Brothers bought a controlling interest in Graham Brothers in 1925, picking up the rest in 1926. The city saw exponential growth in
9393-412: Was founded in 1812 and incorporated in 1817. It is situated on an oxbow in the Ohio River , and is often referred to as the "Crescent Valley" or "River City". On March 27, 1812, Hugh McGary Jr. purchased about 441 acres and named it "McGary's Landing". In 1814, to attract more people, McGary renamed his village "Evansville" in honor of Colonel Robert Morgan Evans . Evansville incorporated in 1817 and
9494-493: Was founded in 1812. Evansville anchors a regional economic hub based primarily on trade, transportation, and utilities; professional and business services; education and health services; government; leisure and hospitality; and manufacturing. Two NYSE -listed companies ( Berry Global and OneMain Financial ) are headquartered in Evansville, and three companies traded on NASDAQ ( Escalade , Old National Bank , and Shoe Carnival ) are also headquartered in Evansville. Evansville
9595-413: Was increased several times over the years. In 1953, the number of seats was set permanently at 1,366. These seats were a sought-after commodity as they conferred the ability to directly trade stock on the NYSE, and seat holders were commonly referred to as members of the NYSE. Seat prices varied widely over the years, generally falling during recessions and rising during economic expansions. In January 1927
9696-483: Was lost within five days of trading. The NYSE was only 5 blocks from Ground Zero . On May 6, 2010, the Dow Jones Industrial Average posted its largest intraday percentage drop since the crash on October 19, 1987, with a 998-point loss later being called the 2010 Flash Crash (as the drop occurred in minutes before rebounding). The SEC and CFTC published a report on the event, although it did not come to
9797-628: Was named the state's " Blue Ribbon Daily " by the Hoosier State Press Association . The newspaper was a finalist for the same award in 2009 and 2010. In 2005, the Courier & Press photography staff won the Pictures of the Year International "Best Use of Photography" Award for papers with circulation under 100,000. In 2010, staff photographer Denny Simmons was named the Indiana News Photographers Association (INPA) Photographer of
9898-599: Was one of the world's largest hardwood furniture centers, with 41 factories employing approximately 2,000 workers. Railroads eventually became more important and in 1887 the L&;N Railroad constructed a bridge across the Ohio River. Along with a major rail yard southwest of Evansville in Howell, which was annexed in 1916 and completed the city's counterclockwise march around the horseshoe bend. Throughout this period, Evansville's main ethnic groups consisted of Protestant Scotch-Irish from
9999-447: Was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext . According to a Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds , or retirement accounts . The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to
10100-735: Was set on January 20, 1985 and December 22, 1989, while, conversely, the record warm minimum of 82 °F (28 °C) was last reached July 8, 1980. In August 2018, the mayor of Evansville sent a letter to the Ohio River Valley Water Sanitation Commission (ORVWSO) opposing a proposal to eliminate pollution control standards for the Ohio River. Evansville is located downstream from the river's origin. Sources of pollution that affect water quality include agricultural runoff , raw sewage discharges from combined sewer overflows , and toxic chemicals released by companies with water pollution permits . The state of Indiana issues
10201-457: Was usually the responsibility of the exchange's floor managers. Many of the people who ring the bell are business executives whose companies trade on the exchange, usually to announce new products, acquisitions, mergers or public offerings. However, there have also been many famous people from outside the world of business that have rung the bell, such as the Mayor of New York City Rudy Giuliani and
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