U.S. Census Bureau Daily Feature for May 17
WASHINGTON, May 17, 2013 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
FRIDAY, MAY 17: TAKING STOCK
Profile America — Friday, May 17th. The New York Stock Exchange, by signaling business prospects through share prices, has long been a bellwether of the nation's economic health. The exchange started on this date in 1792, as some two dozen merchants and brokers established an organized approach to their buying and selling. In good weather, they operated under a Buttonwood tree on Wall Street. Otherwise, they moved to the shelter of a nearby coffeehouse to continue their trading. This makeshift setup eventually evolved into an economic powerhouse, watched closely each trading day to see how the bulls or bears are assessing the overall U.S. economy. Eighteen percent of U.S. households directly own shares of stock and about 44 percent invest in mutual funds. Profile America is in its 17th year as a public service of the U.S. Census Bureau.
Sources: Statistical Abstract of the United States 2012, t. 1170, 1212
Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on a monthly CD or on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).
SOURCE U.S. Census Bureau