U.S. Census Bureau Daily Feature for May 18 - WALB.com, Albany News, Weather, Sports

U.S. Census Bureau Daily Feature for May 18

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SOURCE U.S. Census Bureau

WASHINGTON, May 18, 2014 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

U.S. Census Bureau Logo.

TAKING STOCK

Profile America - Sunday, May 18th. 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 this week 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. Thirty years ago, less than 10 percent of U.S. household wealth was held in stocks and bonds. Today, that percentage is 46 percent. You can find current data on the country's economy by downloading the America's Economy mobile application at www.census.gov/mobile.

Sources:
http://www.nyx.com/en/who-we-are/history/new-york  
http://www.census.gov/people/wealth/files/Wealth%20Highlights%202011.pdf

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 the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button). 

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