The New York Stock Exchange is located on Wall Street in New York City. It is the largest securities exchange in the United States. Preferred stock Stock that receives preferential treatment over common stock with respect both to dividends and claims on assets in the event that the corporation goes out of business. This index is used as a measure of performance of the overall market. Considered by many to be a much more accurate picture of the market in general.
Sales charge A transaction fee or commission paid for an investment instrument.
The reverse of the usual stock market technique, short selling is based on the anticipation that a particular security price will go down. The practice of short selling involves borrowing shares of a security from your broker and immediately selling them at the current price. Then, as the price of that security declines, you buy back an equal number of shares on the open market and use them to cover the shares you borrowed from your broker, and make a profit. Short sellers lose when the price of the stock ascends rather than descends. Theoretically, there is more risk involved with short selling because a stock price could continue to rise forever.