Nasdaq, NYSE Ring First Joint White House Bell for $1,000 Trump Accounts
Updated
Updated · ms.now · Jul 6
Nasdaq, NYSE Ring First Joint White House Bell for $1,000 Trump Accounts
3 articles · Updated · ms.now · Jul 6
Summary
Nasdaq and the New York Stock Exchange are bringing their opening bells to the White House on Monday, the first time both exchanges have jointly marked the start of trading there.
The event is meant to launch "Trump Accounts" for children — tax-deferred investment accounts that give babies born from Jan. 1, 2025, to Dec. 31, 2028, a $1,000 government contribution.
The ceremony lands as Trump faces fresh scrutiny over his finances after a 927-page disclosure showed more than 21,000 stock trades were executed on his behalf last year; Trump said Eric Trump manages the investments.
That overlap sharpens a broader fight over stock-trading restrictions: Trump has backed a Stop Insider Trading Act that would not cover presidents, while Democrats want a presidential ban included.
The White House is pitching the accounts as a wealth-building and midterm message to parents, even as polls show voters remain more focused on living costs than on the stock market's 25% rise since Trump took office.