What the financial industry looks like in Texas
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Gov. Greg Abbott rang the closing bell to end Wednesday's trading on the New York Stock Exchange from the 50-yard line of AT&T Stadium — all to the cheers of America's Sweethearts.
Why it matters: The bell made a rare appearance outside New York City to ring in the new era of Y'all Street.
- The NYSE moved its Chicago electronic exchange to Dallas this year. NYSE Texas joins the many financial industries and major corporations that have moved into business-friendly Texas.
State of play: The NYSE Texas has 49 founding members, many of which are North Texas-based companies, including AT&T, Cinemark Holdings, DR Horton, Globe Life Inc. and Sinclair Oil and Gas.
Inside the stadium: Before the governor arrived, Cowboys owner Jerry Jones and AT&T CEO John Stankey told a crowd of executives that Texas is the right place to conduct business.
- Then everyone filed onto the artificial turf in the center of the stadium, clapping and ringing cowbells before Abbott struck the closing bell.
- The Dallas Cowboys cheerleaders smiled the whole time.
The bottom line: Nothing says big business in Texas like politicians, power brokers and pompoms.