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The American Stock Exchange (AMEX) was once the third largest stock exchange in the US. The Amsterdam Stock Exchange, founded in 1602, is considered one of the oldest stock exchanges in the world. Bear markets occur when market prices decline by more than 20%, often accompanied by negative investor sentiment and a deteriorating economic outlook. DAX is a German blue-chip stock market index that tracks the performance of the top 40 companies listed on the Frankfurt Stock Exchange. DWAC is a method of transferring certificates between brokers/dealers and the Depository Trust Corporation (DTC) using FAST. The Dow Jones Industrial Average (DJIA) is a well-known US benchmark index for blue chip stocks. An earnings estimate is an analyst’s forecast of a public company’s future quarterly or annual earnings per share (EPS). Equity capital markets (ECM) refer to a wide network of financial institutions, channels and markets that together help companies raise capital. Stock markets are a meeting place for issuers and buyers of shares in a market economy. The Financial Times Stock Exchange Group (FTSE) is a financial institution that specializes in managing asset exchanges and creating index offerings for global financial markets.