Wall Street is a street located in the Financial District of Lower Manhattan in New York City. It is the home of the New York Stock Exchange (NYSE), the world's largest stock exchange by market capitalization, and the NASDAQ, the second largest stock exchange in the world. It is also the historical center of the American financial industry and is the location of many major banks and financial institutions. Additionally, the term "Wall Street" is often used as a metonym for the financial markets and financial industry of the United States as a whole.