Glossary terms beginning with W

Wall Street

A street in lower Manhattan that is the original home of the New York Stock Exchange. The street is the historic headquarters of the largest U.S. brokerages and investment banks. Many have since relocated to other areas of Manhattan and the United States. Wall Street was named after the wooden wall Dutch colonists built in this area in 1653 to defend themselves from the British and Native Americans.

The collective name for the financial and investment community, which includes stock exchanges and large banks, brokerages, securities and underwriting firms and big businesses. Some people believe that the interests of these big firms contrast those of smaller businesses, or "Main Street"

Wedge chart pattern

Chart formation that shows a narrowing price range over time, where price highs in an ascending wedge decrease incrementally, or in a descending wedge, price declines are incrementally smaller. Ascending wedges typically conclude with a downside breakout and descending wedges typically terminate with upside breakouts

Whipsaw

Slang for a highly volatile market where a sharp price movement is quickly followed by a sharp reversal

Wholesale prices

Measures the changes in prices paid by retailers for finished goods. Inflationary pressures typically show earlier than the headline retail

Working order

Where a limit order has been requested but not yet filled


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