The Ultimate Wall Street Trivia

A "circuit breaker" on Wall Street refers to a mechanism that halts trading for at least one half hour. This is implemented in order to prevent extreme market volatility and give investors time to reassess their positions during times of significant market stress. By temporarily pausing trading, it allows for a cooling-off period and helps to stabilize the market.

The first "ticker tape parade" on Wall Street in 1886 was held to celebrate the Dedication of the Statue of Liberty.

Jack Welch is known for being the ex-chairman of GE (General Electric). He served as the chairman and CEO of GE from 1981 to 2001, during which he implemented various strategies and initiatives that greatly contributed to the company's success and growth. Welch is widely recognized as one of the most influential and successful business leaders of his time, making GE the correct answer to this question.

"The Wall Street Journal" began publication in 1889.

Richard Whitney is famous for being the only NYSE President to have gone to jail. This suggests that he was involved in some illegal activities or committed a crime during his tenure as the NYSE President. The fact that he is the only one to have faced this consequence highlights the severity of his actions and the impact it had on his reputation and the stock market.

Dow and Jones met while working together at a newspaper. This implies that they were colleagues in the same workplace, which provided them with the opportunity to meet and get to know each other. It is not mentioned whether they were married to sisters, attended college together, or started an insurance business together, so these options can be ruled out. The fact that they worked together at a newspaper is the only information given, making it the correct answer.

Muriel Siebert became the first woman to own a seat on the New York Stock Exchange in 1967. She broke barriers and paved the way for future women in the finance industry. Siebert's achievement was significant as it challenged the male-dominated nature of the stock exchange and opened doors for more gender diversity in the field.

In 1896, the original Dow Jones Industrial Average consisted of twelve stocks.

In 1928, the number of stocks in the Dow Jones Industrial Average was increased to thirty. This means that there were thirty different stocks included in the index at that time. The Dow Jones Industrial Average is a stock market index that represents the performance of thirty large, publicly-owned companies based in the United States. By increasing the number of stocks in the index, it provides a broader representation of the overall stock market and can therefore be seen as a more accurate indicator of market performance.

The Nikkei declining for the 7th straight session in September 2002 indicates a downward trend in the stock market. The question asks for the year when the Nikkei had its lowest close, implying that 1983 was the year when the market experienced a significant drop.

September is said to have a "reputation for being cruel" to the stock market because historically, it has been a month that is associated with market downturns and significant market crashes. Some of the most notable stock market crashes, such as the Black Monday crash in 1987 and the Lehman Brothers bankruptcy in 2008, occurred in September. Additionally, September is a month when investors return from summer vacations and reassess their portfolios, which can lead to increased volatility and selling pressure in the market.

Boesky was fined $100 million in 1986 after being convicted of insider trading. This refers to Ivan Boesky, a prominent American stock trader who was involved in one of the biggest insider trading scandals in history. He was found guilty of illegally profiting from insider information and manipulating stock prices. As a result, Boesky was fined a substantial amount and sentenced to prison.

The correct answer is "About 3%". This means that approximately 3% of Nestle's sales are attributed to chocolate products. This suggests that chocolate is not a significant portion of Nestle's overall sales, indicating that the company's revenue is primarily driven by other product categories.

The initial price per share of Microsoft when it went public in 1986 was $21.

Microsoft and Intel were added to the Dow Jones Industrial Average in 1999.