What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community.

The Wall Street Journal

The Wall Street Journal is a newspaper devoted primarily to business and investing, although articles also inform the reader on world news and a variety of other topics, including leisure pursuits.

Expanded Definition

The Wall Street Journal, or WSJ, is a newspaper published daily (Monday to Friday), with a weekend edition available on Saturdays. News from around the world is reported in its pages, with the predominant focus on the areas of business, finance, and investing.

Wall Street is synonymous with stock-market investing and high finance. It is the physical location of major stock brokerage firms in New York City, as well as the New York Stock Exchange (NYSE). Although many of them are no longer located specifically on Wall Street itself, the surrounding area, or Financial District, has come to be known as Wall Street as well.

The U.S. version of the WSJ, therefore, is the daily Journal of the news in the world that affects and/or emanates from Wall Street. There are also editions written for Europe and Asia. The Journal, as it is also known, has been published continuously since 1889.

The Journal is a world-renowned newspaper, and according to the publisher, it has a total global paid circulation of more than 3.8 million (print and online). It currently employs a global news staff of 750, and as of April, 2007, its news department staff had won 33 Pulitzer Prizes.

The Journal originated as a daily hand-written news bulletin created by the founders of Dow, Jones & Company, in 1882. These "flimsies," as they were called, were circulated in the afternoon to subscribers on Wall Street. The flimsies graduated the following year to what became the "Customers' Afternoon Letter." They, in turn, led to what on July 8, 1889, became the first Wall Street Journal edition. That first Journal had four pages and sold for two cents. Today's U.S. Journal edition typically has four sections, averaging a total of about 50 pages, and sells for $2.00.

In 2007, Dow, Jones & Company, publisher of the Wall Street Journal, merged with News Corporation, a news organization run by news and entertainment mogul Rupert Murdoch.

Related Terms

Related Mentions on Fool.com