What annual event is known for its large balloon parade held in NYC?

The event celebrated for its large balloon parade in New York City is Macy's Thanksgiving Day Parade. This iconic event takes place annually on Thanksgiving Day and features giant character balloons, floats, marching bands, and performances from various artists. The parade has been a tradition since 1924 and attracts millions of spectators both in person along the route and via television broadcasts.

Macy's Thanksgiving Day Parade is particularly well-known for its visually striking large helium-filled balloons, which often depict popular characters from cartoons, movies, and other media. The event not only marks the beginning of the holiday season but also provides a festive atmosphere as families come together to celebrate and enjoy the various performances and spectacles.

In contrast, the other events listed do not feature a balloon parade. The New Year's Eve Celebration is famous for its countdown and ball drop in Times Square. The Fourth of July Fireworks highlight Independence Day with fireworks displays across the city. The West Indian Day Parade celebrates Caribbean culture and heritage with a vibrant display of costumes and music, but it does not include large balloons like those found in Macy's event.