U.S. President Donald Trump rang the opening bell for the New York Stock Exchange (NYSE) and Nasdaq at a White House ceremony to promote the children's investment account program "Trump Accounts." This marked the first time the opening bells of both exchanges were rung together from the White House.
The ceremony in the Oval Office was attended by Treasury Secretary Scott Bessent, NYSE and Nasdaq officials, as well as Michael and Susan Dell, who donated $6.25 billion to the program.
In his remarks, Trump described the "Trump Accounts" program as an "extraordinary opportunity" for children. Noting that more than 500,000 American children had $1,000 initial contributions deposited into their accounts on July 4, Trump said additional contributions would be received from donors.
Trump also noted that $800 million in new capital would be invested in the stock market on behalf of children this week. "With the ringing of the stock market's opening bell, Trump Accounts will begin to grow along with our rapidly growing economy," he said.
Program Details
Launched by the U.S. Treasury Department on July 4, the Trump Accounts program allows families to open investment accounts for their children. Contributions can be made by family members, friends, employers, charities, and public institutions.
Eligible children born between January 1, 2025, and December 31, 2028, will receive a $1,000 initial contribution from the Treasury. According to the department, more than 6 million families have registered, and over 50 companies have committed to contributing to the accounts of their employees' children.
