How to Read the Wall Street J l (WSJ) & L k f PJournal (WSJ) & Look for Program

Specific Current Events

What is the Wall Street Journal?

The Wall Street Journal (WSJ) is an influential international financial dailyinfluential international financial daily newspaper published since 1889

It has long been considered the leadingIt has long been considered the leading voice of Wall Street

The WSJ covers politics, science, p , ,government, health, arts, law, social issues, entertainment and sports

Front Page: What's News

Front Page: What's Newsg

The day’s top stories from business and the economy to the nation and the world can be found in The Wall Streetworld can be found in The Wall Street Journal’s first section

This is where America starts its business day because the Journal’sbusiness day, because the Journal s most-read feature gives you the day at a glance

"World Wide" is a concise digest of theWorld-Wide is a concise digest of the latest news developments from around the globe, while "Business and Finance" summarizes the top stories pfrom those spheres

Front Page: The Leders

The “Leders” are your lead stories

What are these? It gives readers newsWhat are these? It gives readers news they can’t find anywhere else, so this space is reserved for essential stories that are Journal exclusivesare Journal exclusives

Found on the front page in columns 4 through Six, these articles may break g , ynews, identify trends or analyze major developments

Typically one of the columns will provideTypically one of the columns will provide the day’s top business story about a company, industry or event, while the other may be a take on politics, y p ,international affairs or social issues as well as business and finance

Section II: Marketplace

The Journal's Marketplace sections foc ses on e entssections focuses on events shaping the corporate world as well as summaries of the names and companies making recent p gheadlines

Section III : Money & Investing

The WSJ attempts to streamline the statistical data and open more space forstatistical data and open more space for reporting in the Money & Investing section

The Journal’s financial statistics are so comprehensive and extensive, it would take pages to introduce you to them in detail. Suffice it to say this: whatever you need to know about the markets eitherneed to know about the markets, either as an investment professional or individual investor, you’ll find it here. In most cases, you’ll also find yaccompanying news columns that provide daily context and informed perspective on the movements of the particular marketparticular market

How to Use the WSJ to Your Advantage

Dissecting the stock tables in Money & Investing:

Column 1 & 2: 52 Week Hi Lo Range: The first twoColumn 1 & 2: 52-Week Hi-Lo Range: The first two columns show the highest and lowest prices for the stock during the preceding 52-week period, not including the latest trading day.

Column 3: Company Name and Type of Stock: If there i l b l l tt f ll i thare no special symbols or letters following the company

name, it is common stock

Column 4: Ticker symbol: This alphabetic symbol uniquely identifies the stock on the exchange's "ticker" as well as many other electronic information system and computer databases.

Column 9 Hi/Lo: This indicates the trading price range of the security during the day's trading. If one of these represents a new 52-week high or low for the stock, a small up or down arrow appears to the far left of the stock's listing. The new record will be reflected in the stock's 52-week hi-lo range on the following day.

Column 10: Close and Net Change: The Close is the trading price recorded when the market closed on this day. If the closing prices is up or down more than 5% y g p pfrom the previous day's close, the entire listing for the stock is bold-faced. Net change indicates the difference between the closing price and the previous close.

How to Use the WSJ to Your Advantage

Corporate Finance: look for mergers and acquisition information or newand acquisition information or new stock offerings (such as the initial public offering)

Research: keep an eye out for industry p y ytrends and when companies will be releasing earnings

To find out about key events, such as the earnings schedule, check the “What’s Ahead” section of the front page of the WSJ below the “What’s News” sectionWSJ below the What s News section

Keep an eye out for M&A and IPO information right in the “What’s News” columns on Page One or the feature oncolumns on Page One or the feature on the first page of the Market Place section

How to Use the WSJ to Your Advantage

Sales & Trading: look for the numbers-focused pages such as thenumbers focused pages such as the latest stock, bond, indices, and commodities prices

Where can you find it in the WSJ?yMuch of this information is in the Money & Investing section of the WSJ specifically on the left hand column mostly often called “Aheadcolumn mostly often called “Ahead of the Tape” and “Heard of the Street”

But keep an eye out for interestingBut keep an eye out for interesting trends in the market on Page One—there may be a feature article right there or in the performance graph!

Wh t th t ?What other resources can you go to?

Investopedia.comp

Barron’s

Financial Times

Yahoo! FinanceYahoo! Finance

Bloomberg.com

CNN Money

Reuters comReuters.com

The Economist

Pl di t ti tPlease direct questions to…

seou@seo-usa.org